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What is the adjusted cash balance at the end of april

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Dinho Corporation identified the following data when preparing its April bank reconciliation:

Bank statement balance $45,000

Dinho's book balance (before adjustments) ?

Outstanding checks $4,500

NSF checks $1,400

Service charge $300

Deposits in transit $5,000

Interest earned on checking account $25

In addition, Dinho incorrectly recorded a deposit in its books in the amount of $1,000. The correct amount was recorded by the bank as $1,200.

Problem 1: What is the adjusted cash balance at the end of April?

a.$45,700

b.$44,300

c.$45,000

d.$45,500

Reference no: EM132789990

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