At April 30, Kessler Company Has the Following Bank Information

question 163

Multiple Choice

At April 30, Kessler Company has the following bank information: $$\begin{array} { l r } \text { Cash balance per bank } & \$ 6,900 \\\text { Outstanding checks } & \$ 420 \\\text { Deposits in transit } & \$ 825 \\\text { Credit memo for interest } & \$ 15 \\\text { Bank service charge } & \$ 30\end{array}$$ What is Kessler's adjusted cash balance on April 30?

• A)$7,290.
• B)$7,320.
• C)$6,495.
• D)$7,305.

---

Definitions:

Job Assignment

The process of allocating specific jobs or tasks to employees based on their skills, experience, and availability.

Maximum Value

The highest level of benefit, utility, or satisfaction obtained from a product, service, or action.

Cost of Production

The cumulative costs associated with producing a product, encompassing expenditures on raw materials, workforce, and indirect expenses.

Machine

Equipment or apparatus that uses mechanical power to perform tasks, ranging from simple tools to complex devices.