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hodyreva [135]
3 years ago
9

The Tanner Company's April 30 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconc

iliation, Tanner determined that outstanding checks total $11,000, deposits in transit total $7,000, and bank service charges are $50. Assuming there are no other reconciling items, what was Tanner's April 30 cash balance per the bank statement?
Business
1 answer:
Natalija [7]3 years ago
6 0

Answer:

$38,950

Explanation:

Given that,

Cash balance on its books = $35,000

Outstanding checks = $11,000

Deposits in transit = $7,000

Bank service charges = $50

Tanner's April 30 cash balance per the bank statement:

= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge

= $35,000 + $11,000 - $7,000 - $50

= $38,950

Therefore, cash balance as per bank statement is $38,950.

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Answer:

Direct, upward sloping

Explanation:

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Answer:

email: if it isnt in a serious situation or if nothing needs to be confronted to whoever.

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