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Metlock, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit Less: Outstanding checks Balance
Metlock, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit Less: Outstanding checks Balance per books, 3/31/25 $71500 17800 89300 22200 $67100 Data per bank for the month of April 2025 follow: Deposits Disbursements $81800 96200 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $10600. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
