Jungkook Inc. had the following bank reconciliation at March 31, 2020:     Balance per bank statement, 3/31/20- P37,200     Deposit in transit- P10,300     Outstanding checks- P12,600     Balance per books, 3/31/20- P34,900   Data per bank for the month of April 2020 follow:     Deposits- P46,700     Disbursements P49,700   All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled P6,000. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Jungkook Inc. had the following bank reconciliation at March 31, 2020:

 

  •   Balance per bank statement, 3/31/20- P37,200

 

  •   Deposit in transit- P10,300

 

  •   Outstanding checks- P12,600

 

  •   Balance per books, 3/31/20- P34,900

 

Data per bank for the month of April 2020 follow:

 

  •   Deposits- P46,700

 

  •   Disbursements P49,700

 

All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled P6,000. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020?

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