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In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30

In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information:

Cash balance per company books on April 30 $ 6,275
Deposits in transit at month-end $ 1,300
Outstanding checks at month-end $ 620
Bank charge for printing new checks $ 45
Note receivable and interest collected by bank on Donahues behalf $ 770
A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 480

The adjusted cash balance per the books on April 30 is:

Multiple Choice

  • $5,840

  • $6,900

  • $6,520

  • $8,160

  • $4,600

Please tell me how to do it and how you got which answer! thanks

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