Concord Corporation gathered the following reconciling information in preparing its April bank reconciliation:Cash balance per books, 4/30 $14100Deposits in transit 1900Notes receivable and interest collected by bank 4740Bank charge for check printing 160Outstanding checks 9600NSF check 900The adjusted cash balance per books on April 30 is$19580.$18840.$17780.$19680.

Answered: Concord Corporation gathered the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concord Corporation gathered the following reconciling information in preparing its April bank reconciliation:

Cash balance per books, 4/30		$14100
Deposits in transit		1900
Notes receivable and interest collected by bank		4740
Bank charge for check printing		160
Outstanding checks		9600
NSF check		900

The adjusted cash balance per books on April 30 is

$19580.

$18840.

$17780.

$19680.

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the answer above is incorrect according to the exam I am taking the correct answer is $17780

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