At April 30, Yaddof Company has the following bank information: cash balance per bank $2,300; outstanding checks $390; deposits in transit $275; credit memo for interest $50; bank service charge $10. What is Mareska's adjusted cash balance on April 30?
A) $2,185
B) $2,245
C) $2,300
D) $2,340

Question

Quizplus · Accepted Answer

Adjusted cash balance = Bank balance + Deposits in transit - Outstanding checks + Credit memo - Bank service charge= $2,300 + $275 - $390 + $50 - $10= $2,185

At April 30, Yaddof Company Has the Following Bank Information