3.Richardson Inc. had the following bank reconciliation at March 31:$46,500Balance per bank, March 31Add: Deposit in transitLess: Outstanding checks10,500(12,600)Balance per books, March 31$44.400In addition, data per bank for the month of April follows:DepositsDisbursements$58,40049,700All 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$58,500None of the above.A.B.C.D.E.

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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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