In preparing its bank reconciliation for the month of April 2018, Coronado, Inc. has available the following information. Balance per bank statement, 4/30/18 $78800 NSF check returned with 4/30/18 bank statement 950 Deposits in transit, 4/30/18 9300 Outstanding checks, 4/30/18 10300 Bank service charges for April 40 What should be the adjusted cash balance at April 30, 2018

the adjusted cash balance as on April 30,2018 is $77,800

Explanation:

The computation of the adjusted cash balance as on April 30,2018 is as follows;

= Balance as per bank statement + deposit in transit - outstanding checks

= $78,800 + $9,300 - $10,300

= $77,800

Hence, the  adjusted cash balance as on April 30,2018 is $77,800

We simply applied the above formula so that the accurate value could arrive

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