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In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the...

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Accounting

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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 $ 6,240 Deposits in transit at month-end $1,370 Outstanding checks at month-end $ 690 Bank charge for printing new checks $ 80 Note receivable and interest collected by bank on Donahue's behalf $ 700 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 550 The adjusted cash balance per the books on April 30 is: Multiple Choice $6,860 O $6,860 O O $5,770 O O $6,310 O $4,250 $8,090 Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $22,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit Outstanding checks 2,250 1,053 Additionally, a $46 check written and recorded by the company correctly was recorded by the bank as a $64 deduction. The adjusted cash balance per the bank records should be: Multiple Choice $19,076 $25,682 O $19,076 $25,682 O $23,576 $23,558 O $23,540

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