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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 $6250 Deposits in transit at month-end $ 1,350 Outstanding checks at month-end $ 670 Bank charge for printing new checks $ 70 Note receivable and interest collected by bank on Donahues behalf $ 720 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 530
The adjusted cash balance per the books on April 30 is:
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