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Question 3. Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $ 6,600 Deposits in transit $ 900 Notes Rec. collected by the bank $ 2,220 Bank charge for check printing $ 75 Outstanding checks $4,500 Cash balance per bank, 4/30 $ 11,925 NSF Check $ 420 The adjusted cash balance per books on April 30 is: 1. $8,325 2. $9,165 3. $8,820 4. $9,225 5. None of the above

Question 3. Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $ 6,600 Deposits in transit $ 900 Notes Rec. collected by the bank $ 2,220 Bank charge for check printing $ 75 Outstanding checks $4,500 Cash balance per bank, 4/30 $ 11,925 NSF Check $ 420 The adjusted cash balance per books on April 30 is: 1. $8,325 2. $9,165 3. $8,820 4. $9,225 5. None of the above

FINANCIAL ACCOUNTING
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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Question 3. Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $ 6,600 Deposits in transit $ 900 Notes Rec. collected by the bank $ 2,220 Bank charge for check printing $ 75 Outstanding checks $4,500 Cash balance per bank, 4/30 $ 11,925 NSF Check $ 420 The adjusted cash balance per books on April 30 is: 1. $8,325 2. $9,165 3. $8,820 4. $9,225 5. None of the above
Transcribed Image Text:Question 3. Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $ 6,600 Deposits in transit $ 900 Notes Rec. collected by the bank $ 2,220 Bank charge for check printing $ 75 Outstanding checks $4,500 Cash balance per bank, 4/30 $ 11,925 NSF Check $ 420 The adjusted cash balance per books on April 30 is: 1. $8,325 2. $9,165 3. $8,820 4. $9,225 5. None of the above
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