The Tanner Company's April 1,2010 pre-reconciliation cash balance on their books was $35,000.While preparing the April 1 bank reconciliation,Tanner determined that outstanding checks total $11,000,deposits in transit total $7,000,and bank service charges are $50.How much was Tanner's April 1,2010 cash balance per the bank statement?

Question

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Bank cash balance ($38,950) = Corrected book balance ($35,000 - $50) + Outstanding checks ($11,000) - Deposits in transit ($7,000).

The Tanner Company's April 1,2010 Pre-Reconciliation Cash Balance on Their