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What should be the adjusted cash balance


In preparing its bank reconciliation for the month of April, 2012, Delano, Inc. has availale teh following infor: balance per bank statement 4/30/2012 $39,300

  • NSG check returned with 4/30/2012 bank statement $470
  • deposits in transit, 4/30/12 $5,000
  • outstanding checks, 4/30/12 $5,200
  • bank service charges for April $30

What should be the adjusted cash balance at April 30, 2012?

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Accounting Basics: What should be the adjusted cash balance
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