Question

Trudy inc had the following bank reconciliation at march 31 2013 all reconciling items at march 31 2013 cleared the bank in april outstanding checks at april 30 2013 totaled 6000 there were no deposits in transit at april 30 2013 what is the cash balance per books at april 30 2013?

Answer 1

Answer:

The cash balance per books at April 31, 2013 is $28,200.

Explanation:

It is required to compute the Balance per bank on 30, April:

Balance per bank on 30 April = Balance per bank statement + Deposits - Disbursement

= $37,200 + $46,700 - $49,700

= $83,900 - $49,700

= $34,200

The Cash balance per books on April 30, 2013 is computed as:

Cash balance per books on April 30, 2013 = Balance per bank on 30 April - Cleared the outstanding checks

= $34,200 - $6,000

= $28,200.