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The Accountant for Fazzi Corp ? in Addition, Fazzi Made an Error in Recording a of April

Question 55

Multiple Choice

The accountant for Fazzi Corp.was preparing a bank reconciliation as of April 30, 2016.The following items were identified:  All an’s book balance $46,200 Outstanding checks 1,100 Interest earned on checking account 50 Customer’s NSF check returned by the bank 500\begin{array} { l r } \text { All an's book balance } & \$ 46,200 \\\text { Outstanding checks } & 1,100 \\\text { Interest earned on checking account } & 50 \\\text { Customer's NSF check returned by the bank } & 500\end{array} ? In addition, Fazzi made an error in recording a customer's check; the amount was recorded in cash receipts as $150; the bank recorded the amount correctly as $510.What amount will Fazzi report as its adjusted cash balance at April 30, 2016?


A) $44,650
B) $45,890
C) $46,110
D) $46,250

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