The April 30, Current Year, bank statement and the April ledger account for cash showed the following (summarized): Balance, April 1, Current. Year Deposits during April Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Debit April 1 Balance April Deposits BANK STATEMENT Total amount of cash 25,300 43,400 Checks Cash (A) $45,500 270 150 Deposits $37,200 1,210 Credit April Checks written Balance $31,500 68,700 69,910 24,410 24,140 23,990 23,990 43,700 A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $4,400 (including $2,600 written before and $1,800 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. 4. What total amount of cash should be reported on the balance sheet at the end of April?
The April 30, Current Year, bank statement and the April ledger account for cash showed the following (summarized): Balance, April 1, Current. Year Deposits during April Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Debit April 1 Balance April Deposits BANK STATEMENT Total amount of cash 25,300 43,400 Checks Cash (A) $45,500 270 150 Deposits $37,200 1,210 Credit April Checks written Balance $31,500 68,700 69,910 24,410 24,140 23,990 23,990 43,700 A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $4,400 (including $2,600 written before and $1,800 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. 4. What total amount of cash should be reported on the balance sheet at the end of April?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The April 30, Current Year, bank statement and the April ledger account for cash showed the following (summarized):
Balance, April 1, Current. Year
Deposits during April
Interest collected
Checks cleared during April
NSF check-A. B. Wright
Bank service charges
Balance, April 30, Current Year
BANK STATEMENT
Debit
April 1 Balance
April Deposits
Total amount of cash
Checks
Cash (A)
$45,500
270
150
Deposits
$37,200
1,210
Credit
25,300 April Checks written
43,400
Balance
$31,500
68,700
69,910
24,410
24,140
23,990
23,990
43,700
A comparison of checks written before and during April with the checks cleared through the bank showed outstanding
checks at the end of April of $4,400 (including $2,600 written before and $1,800 written during April). No deposits in
transit were carried over from March, but a deposit was in transit at the end of April.
4. What total amount of cash should be reported on the balance sheet at the end of April?
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