Question

Bonita Industries had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 $74600 Add: Deposit in transit 20400 95000 Less: Outstanding checks 25300 Balance per books, 3/31/20 $69700 Data per bank for the month of April 2020 follow: Deposits $87600 Disbursements 99300 All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled $12500. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020

Answer 1

Answer:

$50,400

Explanation:

Cash Balance as per bank statement                        $62,900

[$69700+$25300-$20400+$87600-$99300]

Less: Outstanding checks at April 30, 2020              $12,500

Adjusted Cash balance per bank                               $50,400

So, the cash balance per books at April 30, 2020 is $50,400