In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30$6,275Deposits in transit at month-end$1,300Outstanding checks at month-end$620Bank charge for printing new checks$45Note receivable and interest collected by bank on Donahue's behalf$770A check paid to Donahue during the month by a customer is returned by the bank as NSF$480The adjusted cash balance per the books on April 30 is:
A. $6,520
B. $5,840
C. $4,600
D. $6,900
E. $8,160
Answer: A
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