Given the following April data per bank: 3/31 balance $100 April receipts $40 April disbursements $30 4/30 balance $110 Reconciling Items: 1. 4/30 Deposit in transit $7 2. 3/31 Outstanding checks $4 3. 3/31 Collection by bank $2 April Receipts per books were: Select one: a. $39 b. $49 c. $35 d. $45 e. $31

Given the following April data per bank: 3/31 balance $100 April receipts $40 April disbursements $30 4/30 balance $110 Reconciling Items: 1. 4/30 Deposit in transit $7 2. 3/31 Outstanding checks $4 3. 3/31 Collection by bank $2 April Receipts per books were: Select one: a. $39 b. $49 c. $35 d. $45 e. $31

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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Bank reconcilation
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Q1: Outstanding check, June 30? Q2: Deposits in Transit, June 30? Q3: Cash per bank statement, June 30?
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