Using the following information, calculate the adjusted cash balance at the end of april. bank statement ending cash balance $2,000 general ledger cash balance ending 3,250 bank monthly service charge 45 deposits in transit 2,500 outstanding checks 1,500 nsf check returned with bank statement 205 a.4,000 b.5,500 c.4,250 d.3,000

The correct option is D. 3,000

Step-by-step explanation:

Step 1 : Using the cash balance shown on the bank statement, add back any deposits in transit. : 2000 + 2500 = $4500

Step 2 : Deduct any outstanding checks : 4500 - 1500 = $3000

This will provide the adjusted bank cash balance.

Step 3 : Deduct any bank service fees, penalties, and NSF checks. This will arrive at the adjusted company cash balance : 3250 - (205 + 45) = $3000

After reconciliation, the adjusted bank balance should match with the company’s ending adjusted cash balance.

So, the adjusted cash balance at the end of April is $3000

probably .5

i can on others if necessary.

step-by-step explanation: