In preparing its bank reconciliation for the month of April 2014, Gantner, Inc. has the following information available. What should be the adjusted cash balance at April 30, 2014?
A) $73,740.
B) $72,880.
C) $71,980.
D) $71,940.

Question

In preparing its bank reconciliation for the month of April 2014, Gantner, Inc. has the following information available.  What should be the adjusted cash balance at April 30, 2014?
A) $73,740. 
B) $72,880. 
C) $71,980. 
D) $71,940.

Quizplus · Accepted Answer

Starting cash balance is $70,340. Add deposits in transit of $4,000 and subtract outstanding checks of $2,460 to get adjusted cash balance of $72,880.

In Preparing Its Bank Reconciliation for the Month of April