The Tanner Company's April 30, 2016 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconciliation, Tanner determined that outstanding checks total $11,000, deposits in transit total $7,000, and bank service charges are $50. What was Tanner's April 30, 2016 cash balance per the bank statement?
A) $31,000.
B) $30,950.
C) $38,950.
D) $39,000.
Correct Answer:
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