In preparing its bank reconciliation for the month of April 2011, Franklin, Inc.has available the following information.
$\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 11&\$39,140\
\text { NSF check returned with } 4 / 30 / 11 \text { bank statement } & 450 \
\text { Deposits in transit, } 4 / 30 / 11 & 5,000 \
\text { Outstanding checks, } 4 / 30 / 11 & 5,200 \
\text { Bank service charges for April } & 20
\end{array}$ What should be the adjusted cash balance at April 30, 2011?

Question

In preparing its bank reconciliation for the month of April 2011, Franklin, Inc.has available the following information. 
$\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 11&\$39,140\
\text { NSF check returned with } 4 / 30 / 11 \text { bank statement } & 450 \
\text { Deposits in transit, } 4 / 30 / 11 & 5,000 \
\text { Outstanding checks, } 4 / 30 / 11 & 5,200 \
\text { Bank service charges for April } & 20
\end{array}$ What should be the adjusted cash balance at April 30, 2011?

Quizplus · Accepted Answer

The Answer of In preparing its bank reconciliation for the month of April 2011, Franklin, Inc.has available the following information. 
$\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 11&\$39,140\
\text { NSF check returned with } 4 / 30 / 11 \text { bank statement } & 450 \
\text { Deposits in transit, } 4 / 30 / 11 & 5,000 \
\text { Outstanding checks, } 4 / 30 / 11 & 5,200 \
\text { Bank service charges for April } & 20
\end{array}$ What should be the adjusted cash balance at April 30, 2011?

In Preparing Its Bank Reconciliation for the Month of April