Consider the following about Computer Tech s cash account for the
Consider the following about Computer Tech’s cash account for the month of April:
• On April 30, cash per Computer Tech’s records was $85,834.99.
• $16,008.13 in customer payments were received April 30 but not deposited until May 1.
• Checks totaling $22,461.87 were issued in April but had not cleared the bank as of the statement date (April 30).
• According to the bank statement, service charges for April were $54.50, and the bank collected a $4,900 note on April 19.

Requirement
Determine the April 30 cash balance that appears on Computer Tech’s bank statement.

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help