What should be the adjusted cash balance at April

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Question - In preparing its bank reconciliation for the month of April, Delano, Inc. has available the following information.

Balance per bank statement, 4/30 $78,600

NSF check returned with 4/30 bank statement $940

Deposits in transit, 4/30 $10,000

Outstanding checks, 4/30 $10,400

Bank service charges for April $60

Required - What should be the adjusted cash balance at April 30?

a. $77,600.

b. $77,260.

c. $78,200.

d. $78,020.

Reference no: EM133046014

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