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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

  • $8,140

  • $6,960

  • $4,500

  • $6,460

  • $5,820

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