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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 $7,000. There were no deposits in transit at April 30, 2016. What is the cash balance per books at April 30, 2016?
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