In the Process of Reconciling Its Bank Statement for April

question 78

Multiple Choice

In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: $$\begin{array} { | l | r | } \hline \text { Cash balance per company books on April } 30 & \$ 6,275 \\\hline \text { Deposits in transit at month-end } & \$ 1,300 \\\hline \text { Outstanding checks at month-end } & \$ 620 \\\hline \text { Bark charge for printing new checks } & \$ 45 \\\hline \text { Note receivable and interest collected by bank on Donahue's behalf } & \$ 770 \\\hline \text { A check paid to Donahue during the month by a customer is returned by the } &\$480\\\text { bank as NSF }\\\hline\end{array}$$ The adjusted cash balance per the books on April 30 is:

• A)$6,900
• B)$5,840
• C)$4,600
• D)$6,520
• E)$8,160

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