4 Waterway, Inc. had the following bank reconciliation at March 31, 2020:Balance per bank statement, 3/31/20Add: Deposit in transitLess: Outstanding checksBalance per books, 3/31/20Data per bank for the month of April 2020follow:DepositsDisbursements$36600O $25050O $31100O $29350O $263506240428408540$34300$4720050400All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled $6050. There were nodeposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020?

The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Waterway, Inc. had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 Add: Deposit in transit Less: Outstanding checks Balance per books, 3/31/20 Data per bank for the month of April 2020 follow: Deposits Disbursements O $25050 O $31100 $36600 O $29350 O $26350 6240 42840 8540 $34300 $47200 All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled $6050. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020? 50400

Waterway, Inc. had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 Add: Deposit in transit Less: Outstanding checks Balance per books, 3/31/20 Data per bank for the month of April 2020 follow: Deposits Disbursements O $25050 O $31100 $36600 O $29350 O $26350 6240 42840 8540 $34300 $47200 All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled $6050. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020? 50400

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Waterway, Inc. had the following bank reconciliation at March 31, 2020:
Balance per bank statement, 3/31/20
Add: Deposit in transit
Less: Outstanding checks
Balance per books, 3/31/20
Data per bank for the month of April 2020
follow:
Deposits
Disbursements
$36600
O $25050
O $31100
O $29350
O $26350
6240
42840
8540
$34300
$47200
50400
All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled $6050. There were no
deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020?

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