Question
Lovely Company's bank statement for the month of April included the following information: Bank service charge for April:$15,000 Cheque deposited by Lovely during April was
Lovely Company's bank statement for the month of April included the following information:
Bank service charge for April:$15,000
Cheque deposited by Lovely during April was not collectible and has been marked "NSF" by the bank and returned: $40,000
Deposits made but not yet recorded by bank:$130,000
Cheques written and mailed but not yet recorded by bank:$100,000
The entity found a customer cheque for $35,000 payable to the entity that had not yet been deposited and had not been recorded.
The general ledger showed a bank account balance of $920,000.
What is the adjusted cash in bank on April 30?
Question 16 options:
$930,000
$900,000
$865,000
$965,000
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