In preparing its bank reconciliation for the month of april 2018, bonita, inc. has available the following information.

balance per bank statement, 4/30/18 $79000
nsf check returned with 4/30/18 bank statement 970
deposits in transit, 4/30/18 10200
outstanding checks, 4/30/18 10800
bank service charges for april 40

what should be the adjusted cash balance at april 30, 2018?

The adjusted cash balance at April 30, 2018 is $78,400

Explanation:

The computation of the adjusted cash balance is shown below:

= Balance per bank statement + Deposits in transit - Outstanding checks

= $79,000 + $10,200 - $10,800

= $78,400

We simply added the deposit in transit and deducted the outstanding checks to the balance as per bank statement.

Other items which are given in the question is ignored

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