S Co. had the following information at Mar 31.: Balance per bank statement, Mar 31, P37,200; Balance per books, Mar 31., P34,900; Deposit in transit, P10,300; Outstanding checks, P12,600. Data per bank for the month of April: Deposits, P42,700 and Disbursements, P49,700. All reconciling items at Mar 31 cleared the Bank in April. Outstanding checks at Apr. 30 totaled, P5,000. There were no deposits in transit at Apr. 30. What is the cash balance per books at April 30?
S Co. had the following information at Mar 31.: Balance per bank statement, Mar 31, P37,200; Balance per books, Mar 31., P34,900; Deposit in transit, P10,300; Outstanding checks, P12,600. Data per bank for the month of April: Deposits, P42,700 and Disbursements, P49,700. All reconciling items at Mar 31 cleared the Bank in April. Outstanding checks at Apr. 30 totaled, P5,000. There were no deposits in transit at Apr. 30. What is the cash balance per books at April 30?
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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S Co. had the following information at Mar 31.: Balance per bank statement, Mar 31, P37,200; Balance per books, Mar 31., P34,900; Deposit in transit, P10,300; Outstanding checks, P12,600. Data per bank for the month of April: Deposits, P42,700 and Disbursements, P49,700. All reconciling items at Mar 31 cleared the Bank in April. Outstanding checks at Apr. 30 totaled, P5,000. There were no deposits in transit at Apr. 30. What is the cash balance per books at April 30?
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