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Kingbird, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $81000 21800 102800 Less: Outstanding checks 26200 Balance per books, 3/31/25 $76600 Data per bank for the month of April 2025 follow: Deposits Disbursements $85800 96200 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $14600. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $70600 O $77800 O $56000 O $66200

Kingbird, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $81000 21800 102800 Less: Outstanding checks 26200 Balance per books, 3/31/25 $76600 Data per bank for the month of April 2025 follow: Deposits Disbursements $85800 96200 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $14600. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $70600 O $77800 O $56000 O $66200

FINANCIAL ACCOUNTING
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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Kingbird, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $81000 21800 102800 Less: Outstanding checks 26200 Balance per books, 3/31/25 $76600 Data per bank for the month of April 2025 follow: Deposits Disbursements $85800 96200 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $14600. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $70600 O $77800 O $56000 O $66200
Transcribed Image Text:Kingbird, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $81000 21800 102800 Less: Outstanding checks 26200 Balance per books, 3/31/25 $76600 Data per bank for the month of April 2025 follow: Deposits Disbursements $85800 96200 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $14600. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $70600 O $77800 O $56000 O $66200
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