P37,200 OU Balance per bank statement, 3/31/04 10,300 47,500 Add: Deposit in transit 12,600 Less: Outstanding checks P34,900 Balance per books, 3/31/04 Data per bank for the month of April 2004 follow: P42,700 Deposits 49,700 Disbursements All reconciling items at March 31, 2004 cleared the bank in April. Outstanding checks at April 30, 2004 totaled P5,000. There were no deposits in transit at April 30, 2004. What is the cash balance per books at April 30, 2004? a. P25,200 c. P30,200 d. P35,500 b. P27,900 dy

P37,200 OU Balance per bank statement, 3/31/04 10,300 47,500 Add: Deposit in transit 12,600 Less: Outstanding checks P34,900 Balance per books, 3/31/04 Data per bank for the month of April 2004 follow: P42,700 Deposits 49,700 Disbursements All reconciling items at March 31, 2004 cleared the bank in April. Outstanding checks at April 30, 2004 totaled P5,000. There were no deposits in transit at April 30, 2004. What is the cash balance per books at April 30, 2004? a. P25,200 c. P30,200 d. P35,500 b. P27,900 dy

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Internal Control And Cash

Section: Chapter Questions

Problem 7.3BE

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Similar questions

Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book balance: $13,744. Deposits in transit: $2,509. Outstanding checks: $1,777. Bank charges: $125. Bank incorrectly charged the account for $412. The bank will correct the error next month. Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense.
The bank reconciliation shows the following adjustments. Deposits in transit: $526 Outstanding checks: $328 Bank charges: $55 NSF checks: $69 Prepare the correcting journal entry.
The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest: $20 Outstanding checks: $569 Error by bank: $300 Bank charges: $30 Prepare the correcting journal entry.
The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding checks: $558 Bank service charges: $50 NSF checks: $250 Prepare the correcting journal entry.