Poe, Inc. had the following bank reconciliation at March 31, year 2: Balance per

Question

Poe, Inc. had the following bank reconciliation at March 31, year 2: Balance per bank statement, 3/31/Y2 $46,500 Add deposit in transit 10,300 56,800 Less outstanding checks 12,600 Balance per books, 3/31/Y2 $44,200 Data per bank for the month of April year 2 follow: Deposits $58,400 Disbursements 49,700 All reconciling items at March 31, year 2, cleared the bank in April. Outstanding checks at April 30, year 2, totaled $7,000. There were no deposits in transit at April 30, year 2. What is the cash balance per books at April 30, year 2?

Explanation / Answer

CASH BALANCE ASPER BOOKS AT APRIL 30,YEAR 2

Balance asper bank statement (March 31) $46,500

Add: Deposits $58,400

Less: Disbursements $(49,700)

__________

Balance asper Bank statement(April 30) $55,200

Less: Outstanding checks $(7,000)

__________

Balance asper Books (April 30) $48,200

__________

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