Pharoah Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $21800 Deposits in transit 3000 Notes receivable and interest collected by bank 7340 Bank charge for check printing 250 Outstanding checks 14900 NSF check 1390 The adjusted cash balance per books on April 30 is a) $29140. b) $30280. c) $27500. d) $30500.
Pharoah Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $21800 Deposits in transit 3000 Notes receivable and interest collected by bank 7340 Bank charge for check printing 250 Outstanding checks 14900 NSF check 1390 The adjusted cash balance per books on April 30 is a) $29140. b) $30280. c) $27500. d) $30500.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pharoah Company gathered the following reconciling information in preparing its April bank reconciliation:
| Cash balance per books, 4/30 | $21800 | |
| Deposits in transit | 3000 | |
| Notes receivable and interest collected by bank | 7340 | |
| Bank charge for check printing | 250 | |
| Outstanding checks | 14900 | |
| NSF check | 1390 |
The adjusted cash balance per books on April 30 is
a) $29140.
b) $30280.
c) $27500.
d) $30500.
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