In preparing its bank reconciliation for the month of April 2014, Dimensions, In
ID: 2415576 • Letter: I
Question
In preparing its bank reconciliation for the month of April 2014, Dimensions, Inc. has available the following information.
Balance per bank statement, 4/30/14 $40,920
NSF check returned with 4/30/14 bank statement 1,350
Deposits in transit, 4/30/14 10,500
Outstanding checks, 4/30/14 15,600
Bank service charges for April 60
What should be the adjusted cash balance at April 30, 2014?
Explanation / Answer
Calculation olf the adjusted cash balance Balance as per the Bank Statement 40920 Less: NSF Check Returned -1350 Less: Deposits in Transit -10500 Add: Outstanding Checks 15600 Less; bank Charges -60 Adjusted Cash Balance as on April 30, 2014 44610