Question
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

Computation of adjusted cash balance per books on April 30:

Hence, the adjusted cash balance per books on April 30 is $22,200.

Answer: Option C ($22,200)...

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Вб =B2+B3-B4-B5 Particulars 2 Cash balance as per book 3 Add: Notes receivable and interest collected by bank 4 Less: Bank charge for check printing 5 Less: NSF check 6 Cash balance as per book on April 30 17600 5920 200 1120 22200

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