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Question: 372 In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information. What is the adjusted cash balance per the books on April 30? Cash balance per company books on April 1 = $6,275 Deposits in transit at month-end = $1,300 Outstanding checks at month-end = $620 Bank charge for printing new checks = $45 Note receivable and interest collected by bank on Donahue's behalf = $770 = A check paid to Donahue during the month by a customer is returned by the bank as NSF = $480

Question: 372 In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information. What is the adjusted cash balance per the books on April 30? Cash balance per company books on April 1 = $6,275 Deposits in transit at month-end = $1,300 Outstanding checks at month-end = $620 Bank charge for printing new checks = $45 Note receivable and interest collected by bank on Donahue's behalf = $770 = A check paid to Donahue during the month by a customer is returned by the bank as NSF = $480

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: 372 In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information. What is the adjusted cash balance per the books on April 30? Cash balance per company books on April 1 = $6,275 Deposits in transit at month-end = $1,300 Outstanding checks at month-end = $620 Bank charge for printing new checks = $45 Note receivable and interest collected by bank on Donahue's behalf = $770 = A check paid to Donahue during the month by a customer is returned by the bank as NSF = $480
Transcribed Image Text:Question: 372 In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information. What is the adjusted cash balance per the books on April 30? Cash balance per company books on April 1 = $6,275 Deposits in transit at month-end = $1,300 Outstanding checks at month-end = $620 Bank charge for printing new checks = $45 Note receivable and interest collected by bank on Donahue's behalf = $770 = A check paid to Donahue during the month by a customer is returned by the bank as NSF = $480
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