In Preparing Its Bank Reconciliation for the Month of April

question 15

Multiple Choice

In preparing its bank reconciliation for the month of April 2011, Franklin, Inc.has available the following information.
$\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 11&\$39,140\\\text { NSF check returned with } 4 / 30 / 11 \text { bank statement } & 450 \\\text { Deposits in transit, } 4 / 30 / 11 & 5,000 \\\text { Outstanding checks, } 4 / 30 / 11 & 5,200 \\\text { Bank service charges for April } & 20\end{array}$ What should be the adjusted cash balance at April 30, 2011?

• A)$39,370.
• B)$38,940.
• C)$38,490.
• D)$38,470.

---

Definitions:

State Legislatures

The legislative bodies in each of the United States, responsible for making state laws.

Judicial Authority

The power vested in courts and judges to interpret laws, adjudicate disputes, and enforce legal decisions.

Federalists

A political group that supported the adoption of the U.S. Constitution, favoring a strong federal government.

Constitutional Amendment

A modification or change to the Constitution, requiring a specific process of approval, such as a supermajority vote.