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Crane Company had the following bank reconciliation at March 31, 2017: Balance per bank statement, 3/31/17 $74300 Add: Deposit in transit 20500 94800 Less: Outstanding
Crane Company had the following bank reconciliation at March 31, 2017:
Balance per bank statement, 3/31/17 | $74300 | |
Add: Deposit in transit | 20500 | |
94800 | ||
Less: Outstanding checks | 25600 | |
Balance per books, 3/31/17 | $69200 | |
Data per bank for the month of April 2017 follow: | ||
Deposits | $87600 | |
Disbursements | 99700 |
All reconciling items at March 31, 2017 cleared the bank in April. Outstanding checks at April 30, 2017 totaled $12000. There were no deposits in transit at April 30, 2017. What is the cash balance per books at April 30, 2017?
$50200
$57600
$70700
$62200
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