Koffoed Inc. had the following bank reconciliation at March 31 2016: $\begin{array}{lr}
\text { Balance per bank statement, } 3 / 31 / 16 & \$ 37,200 \
\text { Add: Deposit in transit } & \underline{6,200} \
&{43,400}\
\text { Less: Outstanding checks } & 7,600 \
\text { Balance per books, } 3 / 31 / 16 & \$ 35,800 \
\text { lata per bank for the month of April 2016 follow: } & \
\text { Deposits } & \$ 47,600 \
\text { Disbursements } & 47,900
\end{array}$
All reconciling items at March 31 2016 cleared the bank in April. Outstanding checks at April 30 2016 totaled $7000. There were no deposits in transit at April 30 2016. What is the cash balance per books at April 30 2016?

Question

Koffoed Inc. had the following bank reconciliation at March 31 2016: $\begin{array}{lr}
\text { Balance per bank statement, } 3 / 31 / 16 & \$ 37,200 \
\text { Add: Deposit in transit } & \underline{6,200} \
&{43,400}\
\text { Less: Outstanding checks } & 7,600 \
\text { Balance per books, } 3 / 31 / 16 & \$ 35,800 \
\text { lata per bank for the month of April 2016 follow: } & \
\text { Deposits } & \$ 47,600 \
\text { Disbursements } & 47,900
\end{array}$
 All reconciling items at March 31 2016 cleared the bank in April. Outstanding checks at April 30 2016 totaled $7000. There were no deposits in transit at April 30 2016. What is the cash balance per books at April 30 2016?

Quizplus · Accepted Answer

The cash balance per books at April 30, 2016, is $28,500. This is calculated by adding the bank balance per books at March 31, 2016 ($35,800) to the deposits in transit at March 31, 2016 ($6,200) and subtracting the outstanding checks at April 30, 2016 ($7,000).

Koffoed Inc All Reconciling Items at March 31 2016 Cleared the Bank