Question

Loveland Company had the following bank reconciliation at March 31, 2009.
Balance per bank .................................................................. $ 46,500
Add: deposits in transit ........................................................ 10,300
Deduct: outstanding checks ................................................. 12,600
Adjusted balance per bank ................................................... $ 44,200
Information found on the bank statement on April 30, 2009:
Deposits .................................................... $ 58,400
Disbursements ........................................... 49,700
All reconciliation items at March 31, 2009, cleared through the bank in April. Outstanding checks at April 30, 2009, totaled $ 7,500. What is the amount of cash disbursements in Loveland Company’s books in April 2009?


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  • CreatedMarch 25, 2015
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