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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 $ 6,230Deposits in transit at month-end $ 1,390Outstanding checks at month-end $ 710Bank charge $ 90Note collected by bank on Donahue’s behalf $ 680A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 570The adjusted cash balance per the books on April 30 is:Multiple Choice$8,070$6,820$4,150$6,250$5,750
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