In preparing its bank reconciliation for the month of April 2016, Leno, Inc. has available the following information.

Balance per bank statement, 4/30/16 $76,800

NSF check returned with 4/30/16 bank statement 940

Deposits in transit, 4/30/16 9,000

Outstanding checks, 4/30/16 9,300

Bank service charges for April 60

What should be the adjusted cash balance at April 30, 2016?

Select one:

a. $75,100.

b. $75,800.

c. $76,500.

d. $75,92 ____________________________________________________________________________________________________

SAMSUNG Company purchased machinery with a list price of $96,000. They were given a 10% discount by the manufacturer. They paid $600 for shipping and sales tax of $4,500. Tomko estimates that the machinery will have a useful life of 10 years and a residual value of $30,000. If Tomko uses straight-line depreciation, annual depreciation will be

Select one:

a. $9,150.

b. $6,108.

c. $5,640.

d. $6,150.