Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in the process of reconciling its bank statement f

In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the...

80.2K

Verified Solution

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 $ 6,180
Deposits in transit at month-end $ 1,490
Outstanding checks at month-end $ 810
Bank charge $ 140
Note collected by bank on Donahues behalf $ 580
A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 670

The adjusted cash balance per the books on April 30 is:

$7,970

$5,650

$5,950

$3,650

$6,620

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Problem 16-55 Profit Variance Analysis (LO 16-4)The results for July for Brahms & Sonsfollow:  ...Problem...

Accounting
Q

Radiation from the Sun reaching Earth (just outside the atmosphere) has an intensity of 1.35 kW/m2. (a)...

Physics
Q

Please answer the following questions clearly. 1) If two quantum states differ only by a phase...

Physics
Q

What are some of the dangers of attempting to manage risks without properly researching them? Be...

General Management
Q

explain what "equivalent units" are and how this concept is useful when assigning cost to products...

Accounting
Q

A movie theater sells two different sizes of candy. Small boxes cost $4.20 and large...

Basic Math
Q

Perform the row operation R and replace R on the following matrix 8 800 72...

Algebra
Q

Luker Corporation uses a process costing system. The company had $175,500 of beginning Finished Goods...

Accounting
Q

Based on this information, could you build the closing balance sheet of 2020? Remember to...

Accounting
Q

Gray Company produces and sells a single product. The information about their operation for the...

Accounting
Q

Q1- Shabnam's Qubec payroll totals for the 2018 taxation year were as follows: salary of...

Accounting
Q

The following information is available for Garnsey Companys patents: Cost $3,440,000 Carrying amount 1,720,000...

Accounting