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Financial Accounting

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Selik Inc. Bank Reconciliation Get Corrected Cash Balance

FINACT-AB7Q7J

Selik Inc. has the following information at the end of April:

April Activity for the Bank Reconciliation:
Balance per bank statement, end of April \$40,290
NSF check returned with April bank statement \$1,450
Deposit in transit at end of April \$10,200
Checks written not cleared the bank at end of April \$15,060
Bank service charges for April, not yet recorded on books \$60



What should be the corrected (adjusted) cash balance on the company's bank reconciliation at the end of April?