Question

a) Ladd Company gathered the following reconciling information in preparing its April bank reconciliation:

Cash balance per books, 4/30	$20,900
Deposits in transit	5,700
Notes receivable and interest collected by bank	9,600
Bank charge for check printing	134
Outstanding checks	15,500
NSF check	1,620

The adjusted cash balance per books on April 30 is

b) At April 30, Dorale Company has the following bank information: cash balance per bank $4,500; outstanding checks $556; deposits in transit $571; credit memo for interest $70; bank service charge $13. What is Dorale’s adjusted cash balance on April 30?

Answer 1

a)	Ladd Company
	Cash balance per books				20,900
	note receivable and interest collected				9,600
	Bank charge for check printing				-134
	NSF check				-1620
	Adjusted cash balance				28,746	answer
b)	Dorale company
	Cash balance per bank				4,500
	Add Deposits in transit				571
	less outstanding checks				-556
	adjusted bank balance				4,515	answer
	Adjusted bank balance will be the adjusted cash balance