In preparing its bank reconciliation for the month of April 2010, Johnson, Inc. has available the following information. Balance per bank statement, 4/30/10 NSF check returned with April 2010 bank statement Deposits in transit, 4/30/10 Outstanding checks, 4/30/10 $ 30,140 450 4,000 5,200 20 Bank service charges for April What should be the "true cash balance" at April 30, 2010? A. $28,470 B. $31,340 C. $28,940 D. $30,870
In preparing its bank reconciliation for the month of April 2010, Johnson, Inc. has available the following information. Balance per bank statement, 4/30/10 NSF check returned with April 2010 bank statement Deposits in transit, 4/30/10 Outstanding checks, 4/30/10 $ 30,140 450 4,000 5,200 20 Bank service charges for April What should be the "true cash balance" at April 30, 2010? A. $28,470 B. $31,340 C. $28,940 D. $30,870
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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![In preparing its bank reconciliation for the month of April 2010,
Johnson, Inc. has available the following information.
Balance per bank statement, 4/30/10
NSF check returned with April 2010 bank statement
Deposits in transit, 4/30/10
Outstanding checks, 4/30/10
$ 30,140
450
4,000
5,200
20
Bank service charges for April
What should be the "true cash balance" at April 30, 2010?
A. $28,470
B. $31,340
C. $28,940
D. $30,870](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F77791045-83bb-4e98-af0c-bd010d0105e0%2Ffd9d7659-cd6c-4796-be32-f99f5359eedb%2Fpsa016q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In preparing its bank reconciliation for the month of April 2010,
Johnson, Inc. has available the following information.
Balance per bank statement, 4/30/10
NSF check returned with April 2010 bank statement
Deposits in transit, 4/30/10
Outstanding checks, 4/30/10
$ 30,140
450
4,000
5,200
20
Bank service charges for April
What should be the "true cash balance" at April 30, 2010?
A. $28,470
B. $31,340
C. $28,940
D. $30,870
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