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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 | $ | 6,250 |
| 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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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
