In preparing its bank reconciliation for the month of April 2021, Delano, Inc. has available the following information. $78,600 940 10,000 10,400 60 Balance per bank statement, 4/30/21 NSF check returned with 4/30/21 bank statement Deposits in transit, 4/30/21 Outstanding checks, 4/30/21 Bank service charges for April What should be the adjusted cash balance at April 30, 2021? $77,600. $77,260. $78,020. $78,200.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
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QUESTION 21
In preparing its bank reconciliation for the month of April 2021, Delano, Inc. has available the following information.
Balance per bank statement, 4/30/21
NSF check returned with 4/30/21 bank statement
$78,600
940
Deposits in transit, 4/30/21
Outstanding checks, 4/30/21
Bank service charges for April
10,000
10,400
60
What should be the adjusted cash balance at April 30, 2021?
$77,600.
O $77,260.
$78,020.
$78,200.
Transcribed Image Text:QUESTION 21 In preparing its bank reconciliation for the month of April 2021, Delano, Inc. has available the following information. Balance per bank statement, 4/30/21 NSF check returned with 4/30/21 bank statement $78,600 940 Deposits in transit, 4/30/21 Outstanding checks, 4/30/21 Bank service charges for April 10,000 10,400 60 What should be the adjusted cash balance at April 30, 2021? $77,600. O $77,260. $78,020. $78,200.
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