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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 $ 6,270 Deposits in transit at month-end $ 1,310 Outstanding checks at month-end $ 630 Bank charge $ 50 Note collected by bank on Donahue’s behalf $ 760 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 490 The adjusted cash balance per the books on April 30 is: Multiple Choice $6,980 $6,490 $4,550 $5,830 $8,150

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 $ 6,270 Deposits in transit at month-end $ 1,310 Outstanding checks at month-end $ 630 Bank charge $ 50 Note collected by bank on Donahue’s behalf $ 760 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 490 The adjusted cash balance per the books on April 30 is: Multiple Choice $6,980 $6,490 $4,550 $5,830 $8,150

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 19E
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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 $ 6,270 Deposits in transit at month-end $ 1,310 Outstanding checks at month-end $ 630 Bank charge $ 50 Note collected by bank on Donahue’s behalf $ 760 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 490 The adjusted cash balance per the books on April 30 is: Multiple Choice $6,980 $6,490 $4,550 $5,830 $8,150
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