Hearty Company prepared the following bank reconciliation on June 30: Balance per bank 9,800,000 Deposit in transit 400,000 Outstanding checks (1,400,000) Balance per book 8,800,000 There were total deposits of 6,500,000 and charges for disbursements of 9,000,000 for July per bank statement. All reconciliation items on June 30 cleared the bank on July 31. Deposit in transit totaled 600,000 and checks outstanding amounted to 1,000,000 on July 31. What is the cash balance per book on July 31?
Hearty Company prepared the following bank reconciliation on June 30:
Balance per bank 9,800,000
Deposit in transit 400,000
Outstanding checks (1,400,000)
Balance per book 8,800,000
There were total deposits of 6,500,000 and charges for disbursements of 9,000,000 for July per bank statement. All reconciliation items on June 30 cleared the bank on July 31. Deposit in transit totaled 600,000 and checks outstanding amounted to 1,000,000 on July 31.
What is the cash balance per book on July 31?
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