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Dutch Schultz Company's bank statement for April 2018 indicated a cash balance of $1,400 at April 30, 2018. The cash account per Dutch Schultz Company's accounting records indicated a cash balance of $950. Upon review of the bank statement and accounting records the following information was noted: 20. On April 30, a $1,300 deposit was made after banking hours. The deposit did not appear on the April bank statement Outstanding checks totaled $1,870 at the end of April. Bank service charges of $35 were deducted from the bank account in April. Interest earned on the checking account in April was $15 A customer's check for $100 marked NSF was returned by the bank with the April bank statement Assuming this is the only monies they have, how much would Dutch Schultz Company report as cash on its April 30, 2018 balance sheet? a. $1,400 b. $950 c. $930 d. $830 Use the following to answer questions 21 and 22 On December 31, 2018, Al Capone Company's total accounts receivable was $57,800, and the Allowance for Doubtful Accounts had a $100 credit balance. Al Capone ages receivables to determine the allowance for doubtful accounts. A summary of the December 31, 2018, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group. Age Group 0-60 days 61-90 days 91-120 days over 120 days Amount Uncollectible $40,000 15,000 2,000 800 1% 4% 25% 50% 21. Bad debt expense reported by Al Capone Company on their year end December 31, 2018 income statement is a. $1,900 b. $1,800 c. $2,000 d. $100 22 The net realizable value of Accounts Receivable reported by Al Capone Company on their December 31, 2018 balance sheet is a. $55,900 b. $57,800- c. $57,700 d. $55,800 Page 5 of 6

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