In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following...
In the process of reconciling its bank statement for April,
Donahue Enterprises' accountant compiles the following
information:
| Cash balance per company books on April 30 | $ | 6,205 |
| Deposits in transit at month-end | $ | 1,440 |
| Outstanding checks at month-end | $ | 760 |
| Bank charge for printing new checks | $ | 115 |
| Note receivable and interest collected by bank on Donahue’s behalf | $ | 630 |
| A check paid to Donahue during the month by a customer is returned by the bank as NSF | $ | 620 |
The adjusted cash balance per the books on April 30 is:
Homework Answers
| Ans. | Particulars | Amount | |
| Cash balance per book | $6,205 | ||
| Add: Notes receivable and interest collected | $630 | ||
| Less: Bank charges for printing new checks | -$115 | ||
| Less: NSF check returned by bank | -$620 | ||
| Adjusted Cash Balance per book | $6,100 | ||
| *Deposit in transit and outstanding checks are used to calculate the | |||
| adjusted cash balance per bank. | |||
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In the process of reconciling its bank statement for April,
Donahue Enterprises' accountant compiles the following...
In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following...
In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30 $6,250 Deposits in transit at month-end $1,350 Outstanding checks at month-end $ 670 Bank charge for printing new checks $ 70 Note receivable and interest collected by bank on Donahue's behalf $ 720 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 530 The adjusted...
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