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In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information:



Cash balance per company books on April $ 6,185
Deposits in transit at month-end $ 1,480
Outstanding checks at month-end $ 800
Bank charge for printing new checks $ 135
Note receivable and interest collected by bank on Donahue’s behalf $ 590
A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 660


The adjusted cash balance per the books on April 30 is:


$3,700

$5,980

$5,660

$6,640

$7,980

Respuesta :

Answer:

Option (B) is correct.

Explanation:

Adjusted cash balance as per books:

= Cash balance per company books on April -  Bank charge for printing new checks + Note receivable and interest collected by bank on Donahue’s behalf - A check paid to Donahue during the month by a customer is returned by the bank as NSF

= $6,185 - $135 + $590 - $660

= $5980

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