Click Submit to complete this-mert. tion 1 Maddy, Inc. had the following bank re

Question

Click Submit to complete this-mert. tion 1 Maddy, Inc. had the following bank reconoiliation at March 31, 2014 Queetio Balance per bank statement, 3/31/14 Add: Deposit in transit $37,200 43,500 Less: Outstanding checks Balance per books, 3/31/14 8,600 Data per bank for the month of April 2014 follow $46,700 49,700 All reconciling items at March 31, 2014 cleared the bank in April. Outstanding checks at Aril 30, 2014 totaled $7,000. There were no deposits in transit at April 30, 2014. Whet is the cash balance per books at Apri 30, 2014? Click Submit to complete this assessment. Save and Sub

Explanation / Answer

Cash balance per books at April 30, 2014: $27200

Balance per bank statement, 3/31/14 37200 Add: Deposits during April 2014 46700 83900 Less: Disbursements during April 2014 49700 Balance per bank statement, 4/30/14 34200 Less: Outstanding checks 7000 Balance per books, 4/30/14 27200

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