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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4a64f698-7480-45b7-b396-278502449dea%2Fb79ca8b0-8728-4584-a69e-6705eb5ad56f%2Fasaxhg_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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