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Problem 2 Sibla, Inc. had the following bank reconciliation at March 31, 2021: Balance per bank, 3/31/2021 Deposit in transit Total Outstanding checks 37,200 10,300 47,500 (12,600) 34,900 Balance per books, 3/31/2021 Data per bank for the month of April 2021 follow: Deposits 42,700 49,700 Disbursements All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April 30, 2021 totaled P5,000. There were no deposits in transit at April 30, 2021. 2. What is the cash balance per books at April 30, 2021?

Problem 2 Sibla, Inc. had the following bank reconciliation at March 31, 2021: Balance per bank, 3/31/2021 Deposit in transit Total Outstanding checks 37,200 10,300 47,500 (12,600) 34,900 Balance per books, 3/31/2021 Data per bank for the month of April 2021 follow: Deposits 42,700 49,700 Disbursements All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April 30, 2021 totaled P5,000. There were no deposits in transit at April 30, 2021. 2. What is the cash balance per books at April 30, 2021?

Corporate Financial Accounting
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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Problem 2 Sibla, Inc. had the following bank reconciliation at March 31, 2021: 37,200 10,300 47,500 (12,600) 34,900 P Balance per bank, 3/31/2021 Deposit in transit Total P. Outstanding checks Balance per books, 3/31/2021 Data per bank for the month of April 2021 follow: Deposits Disbursements 42,700 49,700 All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April 30, 2021 totaled P5,000. There were no deposits in transit at April 30, 2021. 2. What is the cash balance per books at April 30, 2021?
Transcribed Image Text:Problem 2 Sibla, Inc. had the following bank reconciliation at March 31, 2021: 37,200 10,300 47,500 (12,600) 34,900 P Balance per bank, 3/31/2021 Deposit in transit Total P. Outstanding checks Balance per books, 3/31/2021 Data per bank for the month of April 2021 follow: Deposits Disbursements 42,700 49,700 All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April 30, 2021 totaled P5,000. There were no deposits in transit at April 30, 2021. 2. What is the cash balance per books at April 30, 2021?
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