Loveland Company had the following bank reconciliation at March 31, 2019. Information found on the bank statement

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Loveland Company had the following bank reconciliation at March 31, 2019.

Information found on the bank statement on April 30, 2019:

All reconciliation items at March 31, 2019, cleared through the bank in April. Outstanding checks at April 30, 2019, totaled $7,500. What is the amount of cash disbursements in Loveland Company’s books in April 2019?

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Question Posted: Apr 20, 2023 12:23 AM

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Loveland Company had the following bank reconciliation at March 31, 2019. Information found on the bank statement

Question:

Balance per bank Add: deposits in transit Deduct: outstanding checks Adjusted balance per bank $46,500 10,300 12,600 $44,200

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ANSWER To determine the cash disbursements in Loveland Companys books in April 2019 we need to recon...View the full answer

Introduction To AccountingAn Integrated Approach

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