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Llana [10]
3 years ago
9

Bonita Industries had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 $74600 Add: Depos

it 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
Business
1 answer:
drek231 [11]3 years ago
5 0

Answer:

$50,400

Explanation:

Cash Balance as per bank statement                        $62,900

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

Less: Outstanding checks at April 30, 2020              <u>$12,500</u>

Adjusted Cash balance per bank                               <u>$50,400</u>

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

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                                                             Dr.            Cr.  

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Read 2 more answers
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