Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Company had provided you with the following bank reconciliation related information as of March 3 1 : Balance per bank statement, 3 3 1

"ABC" Company had provided you with the following bank reconciliation related information as of March 31:
Balance per bank statement, 331
The total amount of the Outstanding checks
The total amount of Deposit in transit (DIT)
$302,250
$81,900
$66,950
Moreover, data per bank statement for the month of April are shown below:
The total amount of Disbursements.
$323,050
The total amount of Deposits in April
$379,600
Outstanding checks as of April 30
$48,750
Based on the above-given information, What is the amount of cash disbursements per books in April, if All reconciling items at March 31 cleared through the bank in April. ?
cash disbursements per books in April
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Accounting With QuickBooks Pro 2010

Authors: Donna UlmerDonna Kay

12th Edition

0077408756, 9780077408756

More Books

Students also viewed these Accounting questions