In Preparing Its Bank Reconciliation for the Month of April

question 82

Multiple Choice

In preparing its bank reconciliation for the month of April 2021, Haskins, Inc.has available the following information. What should be the adjusted cash balance at April 30, 2021?

• A)$34,410.
• B)$34,470.
• C)$35,760.
• D)$35,820.

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Definitions:

No-Par

Refers to stocks issued without a par value, meaning the stock's value is not set and can be determined by the company's board of directors.

Stated Value

A specified value assigned to no-par-value stock by the company's board of directors.

General Journal

A comprehensive accounting record where all financial transactions are initially recorded, using a double-entry accounting system.

Nonparticipating

typically refers to an insurance or investment product feature where the holder does not have the right to receive dividends or bonuses generated from the underlying pool of assets.