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Questions Tyler, Inc. had the following bank reconciliation at March 31. 2010: Balance per bank statement, 3/31/10 $ 37,200 Add: Deposit in transit 10,300 47,500 Less: Outstanding checks Balance per books, 3/31/10 Data per bank for the month of April 2010 follow: 12,600 $ 34,900 Deposits Disbursements $ 46,700 49,700 All reconciling items at March 31, 2010, cleared the bank in April. Outstanding checks at April 30, 2010, totaled $6,000. There were no deposits in transit at April 30, 2010. What is the cash balance per book at April 30, 2010? a. $28,200 b. $31,900 c. $34,200 d. $38,500

Questions Tyler, Inc. had the following bank reconciliation at March 31. 2010: Balance per bank statement, 3/31/10 $ 37,200 Add: Deposit in transit 10,300 47,500 Less: Outstanding checks Balance per books, 3/31/10 Data per bank for the month of April 2010 follow: 12,600 $ 34,900 Deposits Disbursements $ 46,700 49,700 All reconciling items at March 31, 2010, cleared the bank in April. Outstanding checks at April 30, 2010, totaled $6,000. There were no deposits in transit at April 30, 2010. What is the cash balance per book at April 30, 2010? a. $28,200 b. $31,900 c. $34,200 d. $38,500

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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Questions Tyler, Inc. had the following bank reconciliation at March 31. 2010: Balance per bank statement, 3/31/10 $ 37,200 Add: Deposit in transit 10,300 47,500 Less: Outstanding checks Balance per books, 3/31/10 Data per bank for the month of April 2010 follow: 12,600 $ 34,900 Deposits Disbursements $ 46,700 49,700 All reconciling items at March 31, 2010, cleared the bank in April. Outstanding checks at April 30, 2010, totaled $6,000. There were no deposits in transit at April 30, 2010. What is the cash balance per book at April 30, 2010? a. $28,200 b. $31,900 c. $34,200 d. $38,500
Transcribed Image Text:Questions Tyler, Inc. had the following bank reconciliation at March 31. 2010: Balance per bank statement, 3/31/10 $ 37,200 Add: Deposit in transit 10,300 47,500 Less: Outstanding checks Balance per books, 3/31/10 Data per bank for the month of April 2010 follow: 12,600 $ 34,900 Deposits Disbursements $ 46,700 49,700 All reconciling items at March 31, 2010, cleared the bank in April. Outstanding checks at April 30, 2010, totaled $6,000. There were no deposits in transit at April 30, 2010. What is the cash balance per book at April 30, 2010? a. $28,200 b. $31,900 c. $34,200 d. $38,500
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