Efficient Company showed the following information: Cash in bank balance, March 31 Book credits for April Book debits for April 200,000 720,000 800,000 Bank statement balance, March 31 Bank debits Bank credits 330,000 530,000 700,000 Note collected by bank: March 60,000 100,000 April Service charge: March 8,000 2,000 April NSF check: March 20,000 30,000 April Deposit in transit: March 31 80,000 220,000 April 30 Outstanding checks: March 31 April 30 178,000 372,000 Required: Prepare a proof of cash for the month of April following the "book to bank" method.

Efficient Company showed the following information: Cash in bank balance, March 31 Book credits for April Book debits for April 200,000 720,000 800,000 Bank statement balance, March 31 Bank debits Bank credits 330,000 530,000 700,000 Note collected by bank: March 60,000 100,000 April Service charge: March 8,000 2,000 April NSF check: March 20,000 30,000 April Deposit in transit: March 31 80,000 220,000 April 30 Outstanding checks: March 31 April 30 178,000 372,000 Required: Prepare a proof of cash for the month of April following the "book to bank" method.

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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