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Koffoed, Inc had the following bank reconciliation at March 31, 2016: Balance per bank statement, 3/31/16 $37,200 Add: Deposit in transit 6,200 43,400 Less: Outstanding
Koffoed, Inc had the following bank reconciliation at March 31, 2016: Balance per bank statement, 3/31/16 $37,200 Add: Deposit in transit 6,200 43,400 Less: Outstanding checks 7,600 Balance per books, 3/31/16 $35,800 Data per bank for the month of April 2016 follow: Deposits $47,600 Disbursements 47,900 All reconciling items at March 31, 2016 cleared the bank in April. Outstanding checks at April 30, 2016 totaled S7,000. There were no deposits in transit at April 30, 2016. What is the cash balance per books at April 30, 2016? Select one: a. $28,500 b. SB2,800 C. $85,500 d. $29,800
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