3. Richardson Inc. had the following bank reconciliation at March 31: Balance per bank, March 31 Add: Deposit in transit Less: Outstanding checks Balance per books, March 31 $46,500 10,500 (12,600) $44.400 In addition, data per bank for the month of April follows: Deposits $58,400 Disbursements 49,700 B. C. D. E. All reconciling items at March 31 cleared the bank in April. Outstanding checks at the end of April totaled $7,000. There were no deposits in transit at the end of April. What is the cash balance per books on April 30? A. $48,200 $52,900 $55,200 $58,500 None of the above.
3. Richardson Inc. had the following bank reconciliation at March 31: Balance per bank, March 31 Add: Deposit in transit Less: Outstanding checks Balance per books, March 31 $46,500 10,500 (12,600) $44.400 In addition, data per bank for the month of April follows: Deposits $58,400 Disbursements 49,700 B. C. D. E. All reconciling items at March 31 cleared the bank in April. Outstanding checks at the end of April totaled $7,000. There were no deposits in transit at the end of April. What is the cash balance per books on April 30? A. $48,200 $52,900 $55,200 $58,500 None of the above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:3.
Richardson Inc. had the following bank reconciliation at March 31:
$46,500
Balance per bank, March 31
Add: Deposit in transit
Less: Outstanding checks
10,500
(12,600)
Balance per books, March 31
$44.400
In addition, data per bank for the month of April follows:
Deposits
Disbursements
$58,400
49,700
All reconciling items at March 31 cleared the bank in April. Outstanding checks at the end of April totaled $7,000.
There were no deposits in transit at the end of April. What is the cash balance per books on April 30?
$48,200
$52,900
$55,200
$58,500
None of the above.
A.
B.
C.
D.
E.
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