Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In preparing its bank reconciliation for the month of April 2020, Vaughn, Inc. has available the following information. Balance per bank statement, 4/30/20 $40620 NSF
In preparing its bank reconciliation for the month of April 2020, Vaughn, Inc. has available the following information.
Balance per bank statement, 4/30/20 | $40620 |
NSF check returned with 4/30/20 bank statement | 1470 |
Deposits in transit, 4/30/20 | 10200 |
Outstanding checks, 4/30/20 | 15100 |
Bank service charges for April | 50 |
What should be the adjusted cash balance at April 30, 2020?
$34200.
$35720.
$35670.
$34250.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started