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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 | $ | 6,265 |
Deposits in transit at month-end | $ | 1,320 |
Outstanding checks at month-end | $ | 640 |
Bank charge for printing new checks | $ | 55 |
Note receivable and interest collected by bank on Donahues behalf | $ | 750 |
A check paid to Donahue during the month by a customer is returned by the bank as NSF | $ | 500 |
The adjusted cash balance per the books on April 30 is:
Multiple Choice
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$8,140
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$6,960
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$4,500
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$6,460
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$5,820
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