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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

  • $6,720

  • $8,020

  • $5,700

  • $3,900

  • $6,100

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