In preparing its bank reconciliation for the month of April 2020, Sunland, Inc. has available the following information. Balance per bank statement, 4/30/20 NSF check returned with 4/30/20 bank statement Deposits in transit, 4/30/20 Outstanding checks, 4/30/20 Bank service charges for April $78800 O $76500. O $77780. O $77940. O $77900. 940 9300 10200 80 What should be the adjusted cash balance at April 30, 2020?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In preparing its bank reconciliation for the month of April 2020, Sunland, Inc. has available the
following information.
Balance per bank statement, 4/30/20
NSF check returned with 4/30/20 bank statement
Deposits in transit, 4/30/20
Outstanding checks, 4/30/20
Bank service charges for April
$78800
O $76500.
O $77780.
O $77940.
O $77900.
940
9300
10200
80
What should be the adjusted cash balance at April 30, 2020?
Transcribed Image Text:In preparing its bank reconciliation for the month of April 2020, Sunland, Inc. has available the following information. Balance per bank statement, 4/30/20 NSF check returned with 4/30/20 bank statement Deposits in transit, 4/30/20 Outstanding checks, 4/30/20 Bank service charges for April $78800 O $76500. O $77780. O $77940. O $77900. 940 9300 10200 80 What should be the adjusted cash balance at April 30, 2020?
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