Multiple Choice
The April 30 bank statement for Trimble Corporation shows an ending balance of $34,351.The unadjusted cash account balance was $28,250.The accountant for Trimble gathered the following information:
There was a deposit in transit for $4,240.
The bank statement reports a service charge of $39.
A credit memo included in the bank statement shows interest earned of $95.
Outstanding checks totaled $10,935.
The bank statement included a $650 NSF check deposited in April.
What is the true cash balance as of April 30?
A) $27,656
B) $27,006
C) $31,801
D) $31,896
Correct Answer:

Verified
Correct Answer:
Verified
Q19: The purpose of a petty cash fund
Q20: Peterson Company's petty cash fund was established
Q21: A review of the bank statement and
Q22: Which of the following entries would be
Q23: Typical adjustments to the unadjusted bank balance
Q25: In preparing the April bank reconciliation for
Q26: All journal entries made related to bank
Q27: While performing the monthly bank reconciliation,the bookkeeper
Q28: Which of the following adjustments reflected on
Q29: Which internal control procedure is a deterrent