Reference no: EM132122533
Question - Poe, Inc. had the following bank reconciliation at March 31, year 2:
Balance per bank statement, 3/31/Y2 $46,500
Add deposit in transit 10,300 56,800
Less outstanding checks 12,600
Balance per books, 3/31/Y2 $44,200
Data per bank for the month of April year 2 follow:
Deposits $58,400
Disbursements 49,700
All reconciling items at March 31, year 2, cleared the bank in April. Outstanding checks at April 30, year 2, totaled $7,000. There were no deposits in transit at April 30, year 2. What is the cash balance per books at April 30, year 2?
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