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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.
 Balance per bank statement, 4/30/11$39,140 NSF check returned with 4/30/11 bank statement 450 Deposits in transit, 4/30/115,000 Outstanding checks, 4/30/115,200 Bank service charges for April 20\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?

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Definitions:

Bills

Bills typically refer to statements of money owed for goods or services provided, or alternatively, drafts of proposed legislation before they become law.

Sunset Clause

A provision within a law, regulation, or contract that sets an expiration date for the document's effectiveness unless extended or made permanent.

Charter of Rights

A document that outlines and guarantees fundamental freedoms and rights to individuals, often within a constitutional framework.

Freedoms

The powers or rights to act, speak, or think as one wants without hindrance or restraint.

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