Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: $\begin{array}{lr}
\text { Cash balance per books, } 4 / 30 & \$ 17,600 \
\text { Deposits in transit } & 2,400 \
\text { Notes receivable and interest collected by bank } & 5,920 \
\text { Bank charge for check printing } & 200 \
\text { Outstanding checks } & 12,000 \
\text { NSF check } & 1,120
\end{array}$ The adjusted cash balance per books on April 30 is

Question

Quizplus · Accepted Answer

The adjusted cash balance is calculated as follows: Start with the cash balance per books of $17,600, add the notes receivable and interest collected by the bank of $5,920, subtract the bank charge for check printing of $200, and subtract the NSF check of $1,120. This results in an adjusted cash balance of $22,200.

Karlin Company Gathered the Following Reconciling Information in Preparing Its