Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Larkspur, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 $70500 Add: Deposit in transit 17400 87900 Less: Outstanding
Larkspur, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 $70500 Add: Deposit in transit 17400 87900 Less: Outstanding checks 21800 Balance per books, 3/31/25 $66100 Date per bank per the month of April 2025 following: Deposits $81400 Disbursements 95800 All reconciling items at March 31, 2025, cleared the bank in April. Outstanding checks at April 30,2025 totaled $10200. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? a. $45900 b. $51700 c. $56100 d. $63300
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started