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The April 30 bank statement for Shopify Corporation shows an ending balance of $34.351. The unadjusted cash account balance was $28,250. The accountant for Shopify gathered the following information: 1. There was a deposit in transit for $4,240. 2. The bank statement reports a service charge of $39. 3. A credit memo included in the bank statement shows interest earned of $95 4. Outstanding checks totaled $10.935 5. The bank statement included a $650 NSF check deposited in Aprit What is the true cash balance as of April 30? Multiple Choice O s27656 O s27006

The April 30 bank statement for Shopify Corporation shows an ending balance of $34.351. The unadjusted cash account balance was $28,250. The accountant for Shopify gathered the following information: 1. There was a deposit in transit for $4,240. 2. The bank statement reports a service charge of $39. 3. A credit memo included in the bank statement shows interest earned of $95 4. Outstanding checks totaled $10.935 5. The bank statement included a $650 NSF check deposited in Aprit What is the true cash balance as of April 30? Multiple Choice O s27656 O s27006

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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The April 30 bank statement for Shopify Corporation shows an ending balance of $34.351. The unadjusted cash account balance was $28,250. The accountant for Shopify gathered the following information: 1. There was a deposit in transit for $4,240. 2. The bank statement reports a service charge of $39. 3. A credit memo included in the bank statement shows interest earned of $95 4. Outstanding checks totaled $10,935 5. The bank statement included a $650 NSF check deposited in April. What is the true cash balance as of April 30? Multiple Choice $27656 $27006 $31B01
Transcribed Image Text:The April 30 bank statement for Shopify Corporation shows an ending balance of $34.351. The unadjusted cash account balance was $28,250. The accountant for Shopify gathered the following information: 1. There was a deposit in transit for $4,240. 2. The bank statement reports a service charge of $39. 3. A credit memo included in the bank statement shows interest earned of $95 4. Outstanding checks totaled $10,935 5. The bank statement included a $650 NSF check deposited in April. What is the true cash balance as of April 30? Multiple Choice $27656 $27006 $31B01
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