In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the...
90.2K
Verified Solution
Link Copied!
Question
Accounting
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 Donahue's 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: Multiple Choice 0 O $6,370 0 O $4,350 0 O $6,900 0 O $8.10 0 O $5,790
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!