P37,200 OU Balance per bank statement, 3/31/04 10,300 47,500 Add: Deposit in transit 12,600 Less: Outstanding checks P34,900 Balance per books, 3/31/04 Data per bank for the month of April 2004 follow: P42,700 Deposits 49,700 Disbursements All reconciling items at March 31, 2004 cleared the bank in April. Outstanding checks at April 30, 2004 totaled P5,000. There were no deposits in transit at April 30, 2004. What is the cash balance per books at April 30, 2004? a. P25,200 c. P30,200 d. P35,500 b. P27,900 dy

P37,200 OU Balance per bank statement, 3/31/04 10,300 47,500 Add: Deposit in transit 12,600 Less: Outstanding checks P34,900 Balance per books, 3/31/04 Data per bank for the month of April 2004 follow: P42,700 Deposits 49,700 Disbursements All reconciling items at March 31, 2004 cleared the bank in April. Outstanding checks at April 30, 2004 totaled P5,000. There were no deposits in transit at April 30, 2004. What is the cash balance per books at April 30, 2004? a. P25,200 c. P30,200 d. P35,500 b. P27,900 dy

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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