Loveland Company had the following bank reconciliation at March 31, 2009. Balance per bank ..................................................................$ 46,500 Add:
Question:
Loveland Company had the following bank reconciliation at March 31, 2009.
Balance per bank ..................................................................$ 46,500
Add: deposits in transit ........................................................ 10,300
Deduct: outstanding checks ................................................. 12,600
Adjusted balance per bank ...................................................$ 44,200
Information found on the bank statement on April 30, 2009:
Deposits ....................................................$ 58,400
Disbursements ........................................... 49,700
All reconciliation items at March 31, 2009, cleared through the bank in April. Outstanding checks at April 30, 2009, totaled $ 7,500. What is the amount of cash disbursements in Loveland Company’s books in April 2009?
Step by Step Answer:
April disbursements according to bank statement 49700 Less Ma...View the full answer
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
