Balance per bank statement, 3/31/2022- P46,500 · Add deposit in transit- P10,300 · Less outstanding checks- P12,600 · Balance per books, 3/31/2022- P44,200 Data per bank for the month of April 2022 follow: Deposits 58,400 Disbursements 49,700. All reconciling items on March 31, 2022, cleared the bank in April. Outstanding checks on April 30, 2022, totaled 7,000. There were no deposits in transit on April 30, 2022. What is the cash balance per books on April 30, 2022? A. 48,200 B. 52,900 C. 55,200 D. 58,500
Balance per bank statement, 3/31/2022- P46,500 · Add deposit in transit- P10,300 · Less outstanding checks- P12,600 · Balance per books, 3/31/2022- P44,200 Data per bank for the month of April 2022 follow: Deposits 58,400 Disbursements 49,700. All reconciling items on March 31, 2022, cleared the bank in April. Outstanding checks on April 30, 2022, totaled 7,000. There were no deposits in transit on April 30, 2022. What is the cash balance per books on April 30, 2022? A. 48,200 B. 52,900 C. 55,200 D. 58,500
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Question
Future, Inc. had the following bank reconciliation on March 31, 2022:
· Balance per bank statement, 3/31/2022- P46,500
· Add deposit in transit- P10,300
· Less outstanding checks- P12,600
· Balance per books, 3/31/2022- P44,200
Data per bank for the month of April 2022 follow: Deposits 58,400 Disbursements 49,700. All reconciling items on March 31, 2022, cleared the bank in April. Outstanding checks on April 30, 2022, totaled 7,000. There were no deposits in transit on April 30, 2022. What is the cash balance per books on April 30, 2022?
A. 48,200
B. 52,900
C. 55,200
D. 58,500
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