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Opaque Company prepared the following bank reconciliation on March 31: Balance per Bank Statement, March 31 4,650,000 Deposit in Transit 1,000,000 Total 5,650,000 Outstanding Checks (1,250,000) Balance per Book, March 31 4,400,000 Data per bank statement for the month of April follow: Deposit 6,000,000 Disbursements 5,000,000 All reconciliation item on March 31 cleared through the bank in April. Outstanding checks on April 30 totaled P750,000 and deposit in transit amounted to P1,500,000. 1. What is cash balance per ledger on April 30?

Opaque Company prepared the following bank reconciliation on March 31: Balance per Bank Statement, March 31 4,650,000 Deposit in Transit 1,000,000 Total 5,650,000 Outstanding Checks (1,250,000) Balance per Book, March 31 4,400,000 Data per bank statement for the month of April follow: Deposit 6,000,000 Disbursements 5,000,000 All reconciliation item on March 31 cleared through the bank in April. Outstanding checks on April 30 totaled P750,000 and deposit in transit amounted to P1,500,000. 1. What is cash balance per ledger on April 30?

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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Opaque Company prepared the following bank reconciliation on March 31: Balance per Bank Statement, March 31 4,650,000 Deposit in Transit 1,000,000 Total 5,650,000 Outstanding Checks (1,250,000) Balance per Book, March 31 4,400,000 Data per bank statement for the month of April follow: Deposit 6,000,000 Disbursements 5,000,000 All reconciliation item on March 31 cleared through the bank in April. Outstanding checks on April 30 totaled P750,000 and deposit in transit amounted to P1,500,000. 1. What is cash balance per ledger on April 30?
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