Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: $\begin{array}{lr}
\text { Cash balance per books, } 4 / 30 & \$ 13,200 \
\text { Deposits in transit } & 1,800 \
\text { Notes receivable and interest collected by bank } & 4,440 \
\text { Bank charge for check printing } & 150 \
\text { Outstanding checks } & 9,000 \
\text { NSF check } & 840
\end{array}$ The adjusted cash balance per books on April 30 is
A) $18,450.
B) $17,640.
C) $16,650.
D) $18,330.

Question

Quizplus · Accepted Answer

The adjusted cash balance is calculated as follows: Start with the cash balance per books of $13,200, add the notes receivable and interest collected by the bank of $4,440, subtract the bank charge for check printing of $150, and subtract the NSF check of $840. This results in an adjusted cash balance of $16,650.

Karlin Company Gathered the Following Reconciling Information in Preparing Its