Sandy, Inc. had the following bank reconciliation at March 31, 2008: All reconciling items at March 31, 2008 cleared the bank in April. Outstanding checks at April 30, 2008 totaled $6,000. There were no deposits in transit at April 30, 2008. What is the cash balance per books at April 30, 2008?

Question

Sandy, Inc. had the following bank reconciliation at March 31, 2008:  All reconciling items at March 31, 2008 cleared the bank in April. Outstanding checks at April 30, 2008 totaled $6,000. There were no deposits in transit at April 30, 2008. What is the cash balance per books at April 30, 2008?

Quizplus · Accepted Answer

$37,200 + $46,700 - $49,700 = $34,200 (4/30 balance per bank)
$34,200 - $6,000 = $28,200.