90.2K
Verified Solution
Link Copied!
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:
Answer & Explanation
Solved by verified expert