Tresh, Inc. had the following bank reconciliation at March 31, 2017: Balance per bank statement, 3/31/17 $74,400
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Question:
Tresh, Inc. had the following bank reconciliation at March 31, 2017:
Balance per bank statement, 3/31/17 | $74,400 |
Add: Deposit in transit | 20,600 |
95,000 | |
Less: Outstanding checks | 25,200 |
Balance per books, 3/31/17 | $69,800 |
Data per bank for the month of April 2017 follow:
Deposits | $87,400 |
Disbursements | 99,400 |
All reconciling items at March 31, 2017 cleared the bank in April. Outstanding checks at April 30, 2017 totaled $12,000. There were no deposits in transit at April 30, 2017. What is the cash balance per books at April 30, 2017?
a) $62,400
b) $50,400
c) $57,800
d) $71,000
Related Book For
Corporate Financial Accounting
ISBN: 978-1305653535
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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