Reference no: EM133155021
Question - Future, Inc. had the following bank reconciliation on March 31, 2022:
Balance per bank statement, 3/31/2022 - P46,500
Add deposit in transit - P10,300
Less outstanding checks - P12,600
Balance per books, 3/31/2022 - P44,200
Data per bank for the month of April 2022 follow: Deposits 58,400 Disbursements 49,700. All reconciling items on March 31, 2022, cleared the bank in April. Outstanding checks on April 30, 2022, totaled 7,000. There were no deposits in transit on April 30, 2022. What is the cash balance per books on April 30, 2022?
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