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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 | $ 6,205 |
---|---|
Deposits in transit at month-end | $ 1,440 |
Outstanding checks at month-end | $ 760 |
Bank charge | $ 115 |
Note collected by bank on Donahues behalf | $ 630 |
A check paid to Donahue during the month by a customer is returned by the bank as NSF | $ 620 |
The adjusted cash balance per the books on April 30 is:
Multiple Choice
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$6,720
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$8,020
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$5,700
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$3,900
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$6,100
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