Reference no: EM132835696
Pure Foods Company, Inc. had the following bank reconciliation at March 31, 2020:
Balance per bank statement, 3/31/20 P37,200
Add: Deposit in transit 10,300 47,500
Less: Outstanding checks 12,600
Balance per books, 3/31/20 P34,900
Data per bank for the month of April 2020 follow:
Deposits P46,700
Disbursements 49,700
Question 1: All reconciling items at March 31,2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled P6,000. There were no deposits in transit at April 30,2020. The cash balance per books on April 30, 2020 is
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