Problem 2Sibla, Inc. had the following bank reconciliation at March 31, 2021:37,20010,30047,500(12,600)34,900PBalance per bank, 3/31/2021Deposit in transitTotalP.Outstanding checksBalance per books, 3/31/2021Data per bank for the month of April 2021 follow:DepositsDisbursements42,70049,700All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April30, 2021 totaled P5,000. There were no deposits in transit at April 30, 2021.2. What is the cash balance per books at April 30, 2021?

Bank Reconciliation:- Bank reconciliation is a process that is done at the end of a period in order…

Problem 2 Sibla, Inc. had the following bank reconciliation at March 31, 2021: Balance per bank, 3/31/2021 Deposit in transit Total Outstanding checks 37,200 10,300 47,500 (12,600) 34,900 Balance per books, 3/31/2021 Data per bank for the month of April 2021 follow: Deposits 42,700 49,700 Disbursements All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April 30, 2021 totaled P5,000. There were no deposits in transit at April 30, 2021. 2. What is the cash balance per books at April 30, 2021?

Problem 2 Sibla, Inc. had the following bank reconciliation at March 31, 2021: Balance per bank, 3/31/2021 Deposit in transit Total Outstanding checks 37,200 10,300 47,500 (12,600) 34,900 Balance per books, 3/31/2021 Data per bank for the month of April 2021 follow: Deposits 42,700 49,700 Disbursements All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April 30, 2021 totaled P5,000. There were no deposits in transit at April 30, 2021. 2. What is the cash balance per books at April 30, 2021?

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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