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The Dinho Corporation Identified the Following Data When Preparing Their

Question 93

Multiple Choice

The Dinho Corporation identified the following data when preparing their April bank reconciliation:  Bank statement balance $45,000 Dinho’s book balance (before adjustments)  ? Outstanding checks 4,500 NSF checks 1,400 Service charges 300 Deposits in transit 5,000 Interest earned on checking account 25\begin{array} { l r } \text { Bank statement balance } & \$ 45,000 \\\text { Dinho's book balance (before adjustments) } & ? \\\text { Outstanding checks } & 4,500 \\\text { NSF checks } & 1,400 \\\text { Service charges } & 300 \\\text { Deposits in transit } & 5,000 \\\text { Interest earned on checking account } & 25\end{array} In addition, Dinho incorrectly recorded a deposit in its books in the amount of $1,000.The correct amount was recorded by the bank as $1,200. What is the adjusted cash balance at the end of April?


A) $44,300
B) $45,500
C) $45,000
D) $45,700

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