Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tyler, Inc. had the following bank reconciliation at March 31, 2021: Balance per bank statement, 3/31/21 $38500 Add: Deposit in transit 6310 44810 Less: Outstanding

Tyler, Inc. had the following bank reconciliation at March 31, 2021:

Balance per bank statement, 3/31/21 $38500
Add: Deposit in transit 6310
44810
Less: Outstanding checks 8510
Balance per books, 3/31/21

$36300

Data per bank for the month of April 2021 follow:
Deposits $47100
Disbursements 50400

All reconciling items at March 31, 2021 cleared the bank in April. Outstanding checks at April 30, 2021 totaled $5990. There were no deposits in transit at April 30, 2021. What is the cash balance per books at April 30, 2021?

plz tell me if the answer 27010 and 29210 are both correct. thx

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Stuart Manson

5th Edition

1408030497, 9781408030493

More Books

Students also viewed these Accounting questions