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:(1) There was a deposit in transit for $4,240. (2) The bank statement reports a service charge of $39. (3) A credit memo included in the bank statement shows interest earned of $95. (4) Outstanding checks totaled $10,935. (5) The bank statement included a $650 NSF check deposited in April. What is the true cash balance as of April 30?
A. $31,801
B. $27,006
C. $31,896
D. $27,656
Answer: D
Business
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