Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30$ 17,600Deposits in transit2,400Notes receivable and interest collected by bank5,920Bank charge for check printing200Outstanding checks12,000NSF check1,120 The adjusted cash balance per books on April 30 is:Answers:$24,600. $23,520. $22,200. $24,440

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Asked Dec 12, 2019
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Karlin Company gathered the following reconciling information in preparing its April bank reconciliation:

 

Cash balance per books, 4/30

$ 17,600

Deposits in transit

2,400

Notes receivable and interest collected by bank

5,920

Bank charge for check printing

200

Outstanding checks

12,000

NSF check

1,120


 
The adjusted cash balance per books on April 30 is:

Answers:

$24,600.

 

$23,520.

 

$22,200.

 

$24,440

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Expert Answer

Step 1

Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from its perspective. This is why the cash balance per bank and cash balance per books seldom agree. Bank ...

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