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In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following...

In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information:

Cash balance per company books on April 30 $ 6,250
Deposits in transit at month-end $ 1,350
Outstanding checks at month-end $ 670
Bank charge for printing new checks $ 70
Note receivable and interest collected by bank on Donahue’s behalf $ 720
A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 530


The adjusted cash balance per the books on April 30 is:

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Answer #1
Calculation of adjusted cash balance per books on April 30
$
Cash balance per company books on April 30       6,250.00
Add: Note collection & interest revenue          720.00
      6,970.00
Less:
Bank charge for printing new checks          (70.00)
NSF check returned by bank        (530.00)
Adjusted cash balance per books on April 30 6,370.00
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