Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
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

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS