Question
The Tanner Company's April 30 pre-reconciliation cash balance on its books was $40,000. While preparing the April 30 bank reconciliation, Tanner determined that outstanding checks
The Tanner Company's April 30 pre-reconciliation cash balance on its books was $40,000. While preparing the April 30 bank reconciliation, Tanner determined that outstanding checks total $13,000, deposits in transit total $8,000, and bank service charges are $60. Assuming there are no other reconciling items, what was Tanner's April 30 cash balance per the bank statement?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
