At April 30, Cullumber Office Supply Company has the following bank information: Cash balance per bank $7500 Outstanding checks $550 Deposits in transit $955 Credit memo for interest $20 Bank service charge $40 What is Cullumber's adjusted cash balance on April 30? ○ $8050. O $7095. O $7905. $8010.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.4.3P
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At April 30, Cullumber Office Supply Company has the following bank information:
Cash balance per bank
$7500
Outstanding checks
$550
Deposits in transit
$955
Credit memo for interest
$20
Bank service charge
$40
What is Cullumber's adjusted cash balance on April 30?
○ $8050.
O $7095.
O $7905.
$8010.
Transcribed Image Text:At April 30, Cullumber Office Supply Company has the following bank information: Cash balance per bank $7500 Outstanding checks $550 Deposits in transit $955 Credit memo for interest $20 Bank service charge $40 What is Cullumber's adjusted cash balance on April 30? ○ $8050. O $7095. O $7905. $8010.
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