In preparing its bank reconciliation for the month of April 2018, Bonita, Inc. has available...

90.2K

Verified Solution

Question

Accounting

In preparing its bank reconciliation for the month of April 2018, Bonita, Inc. has available the following information.

Balance per bank statement, 4/30/18 $79000
NSF check returned with 4/30/18 bank statement 970
Deposits in transit, 4/30/18 10200
Outstanding checks, 4/30/18 10800
Bank service charges for April 40

What should be the adjusted cash balance at April 30, 2018?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students