Trish, Inc. had the following bank reconciliation at March 31, 2020:Balance per bank statement, 3/31/20 P37,200Add: Deposit in transit 10,300Sub-total47,500Less: Outstanding checks 12,600Balance per books, 3/31/20P34,900 Data per bank for the month of April 2020 follow: DepositsP46,700Disbursements49,700All 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?

Bank reconciliation statement: Bank statement is prepared by the bank. The company maintains its own…

Answered: rish, Inc. had the following bank…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11EA: Using the following information, prepare a bank reconciliation. Bank balance: $6,988 Book balance:...

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Trish, Inc. had the following bank reconciliation at March 31, 2020:

Balance per bank statement, 3/31/20	P37,200
Add: Deposit in transit	10,300
Sub-total	47,500
Less: Outstanding checks	12,600
Balance per books, 3/31/20	P34,900

Data per bank for the month of April 2020 follow:
Deposits	P46,700
Disbursements	49,700

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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