Homework Help is Here – Start Your Trial Now!
Business
Accounting
Marin, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $82000 22200 104200 Less: Outstanding checks 26600 Balance per books, 3/31/25 $77600 Data per bank for the month of April 2025 follow: Deposits $86200 Disbursements 96600 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $15000. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $56600 Ⓒ $67200 ○ $71600 ○ $78800

Marin, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $82000 22200 104200 Less: Outstanding checks 26600 Balance per books, 3/31/25 $77600 Data per bank for the month of April 2025 follow: Deposits $86200 Disbursements 96600 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $15000. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $56600 Ⓒ $67200 ○ $71600 ○ $78800

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 1COMP
See similar textbooks
icon
Related questions
Question
Marin, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $82000 22200 104200 Less: Outstanding checks 26600 Balance per books, 3/31/25 $77600 Data per bank for the month of April 2025 follow: Deposits $86200 Disbursements 96600 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $15000. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $56600 Ⓒ $67200 ○ $71600 ○ $78800
Transcribed Image Text:Marin, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $82000 22200 104200 Less: Outstanding checks 26600 Balance per books, 3/31/25 $77600 Data per bank for the month of April 2025 follow: Deposits $86200 Disbursements 96600 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $15000. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $56600 Ⓒ $67200 ○ $71600 ○ $78800
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS