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At April 30, Mendoza Company Has the Following Bank Information

Question 171

Multiple Choice

At April 30, Mendoza Company has the following bank information:  Cash balance per bank $7,200 Outstanding checks $560 Deposits in transit $1,100 Credit memo for interest $20 Bank service charge $40\begin{array} { l r } \text { Cash balance per bank } & \$ 7,200 \\\text { Outstanding checks } & \$ 560 \\\text { Deposits in transit } & \$ 1,100 \\\text { Credit memo for interest } & \$ 20 \\\text { Bank service charge } & \$ 40\end{array} What is Mendoza's adjusted cash balance on April 30?


A) $7,720.
B) $7,760.
C) $6,660.
D) $7,740.

Correct Answer:

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