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In preparing its bank reconciliation for the month of April 2021, Vaughn, Inc. has available the following information. Balance per bank statement, 4/30/21 $80800 NSF check returned with 4/30/21 bank statement 900 Deposits in transit, 4/30/21 9800 Outstanding checks, 4/30/21 10800 Bank service charges for April 40 What should be the adjusted cash balance at April 30, 2021? O $79800. O $78900. O $80220. © $79860.

In preparing its bank reconciliation for the month of April 2021, Vaughn, Inc. has available the following information. Balance per bank statement, 4/30/21 $80800 NSF check returned with 4/30/21 bank statement 900 Deposits in transit, 4/30/21 9800 Outstanding checks, 4/30/21 10800 Bank service charges for April 40 What should be the adjusted cash balance at April 30, 2021? O $79800. O $78900. O $80220. © $79860.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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In preparing its bank reconciliation for the month of April 2021, Vaughn, Inc. has available the following information. Balance per bank statement, 4/30/21 $80800 NSF check returned with 4/30/21 bank statement 900 Deposits in transit, 4/30/21 9800 Outstanding checks, 4/30/21 10800 Bank service charges for April 40 What should be the adjusted cash balance at April 30, 2021? O $79800. O $78900. O $80220. © $79860.
Transcribed Image Text:In preparing its bank reconciliation for the month of April 2021, Vaughn, Inc. has available the following information. Balance per bank statement, 4/30/21 $80800 NSF check returned with 4/30/21 bank statement 900 Deposits in transit, 4/30/21 9800 Outstanding checks, 4/30/21 10800 Bank service charges for April 40 What should be the adjusted cash balance at April 30, 2021? O $79800. O $78900. O $80220. © $79860.
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