In Preparing Its Bank Reconciliation for the Month of April

question 186

Multiple Choice

In preparing its bank reconciliation for the month of April 2018, Delano, Inc. has available the following information. $\begin{array}{lr}\text { Balance per bank statement, 4/30/18 } & \$ 78,600 \\\text { NSF check returned with 4/30/18 bank statement } & 940 \\\text { Deposits in transit, } 4 / 30 / 18 & 10,000 \\\text { Outstanding checks, } 4 / 30 / 18 & 10,400 \\\text { Bank service charges for April } & 60\end{array}$ What should be the adjusted cash balance at April 30, 2018?

• A) $77,260.
• B) $77,600.
• C) $78,020.
• D) $78,200.

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Definitions:

Returns

The profit or loss derived from investing or saving, often expressed as a percentage of the initial investment.

Canadian Common Stocks

Shares representing equity ownership in corporations based in Canada, entitling holders to vote on corporate matters and receive dividends.

Long Bonds

Bonds with a long duration to maturity, typically over 10 years, often associated with higher risk but higher yield.

Capital Gains Yield

The price appreciation component of the total return on an investment, calculated as the increase in the investment's price divided by its initial price.