In Preparing Its Bank Reconciliation for the Month of April

question 196

Multiple Choice

In preparing its bank reconciliation for the month of April 2022, Leno, Inc. has available the following information. Balance per bank statement, 4/30/22 $76,800
NSF check returned with 4/30/22 bank statement 940
Deposits in transit, 4/30/22 9,000
Outstanding checks, 4/30/22 9,300
Bank service charges for April 60
What should be the adjusted cash balance at April 30, 2022?

• A) $75,100.
• B) $75,800.
• C) $75,920.
• D) $76,500.

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Definitions:

Auditory Traces

Memory traces of auditory information that are believed to persist in the brain for a brief period after the auditory stimulus has ended.

Short-term Memory

The ability to retain a limited amount of data in a readily accessible, active condition for a brief duration.

Busy Signal

A repeating tone or signal on a phone line indicating that the line is currently engaged in another call and unavailable.

Implicit

Information or knowledge that is understood or learned without being overtly expressed or declared.