Koffoed, Inc. had the following bank reconciliation at March 31, 2016: Balance per bank statement,...
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Accounting
Koffoed, Inc. had the following bank reconciliation at March 31, 2016:
Balance per bank statement, 3/31/16 $37,200
Add: Deposit in transit 6,200
43,400
Less: Outstanding checks 7,600
Balance per books, 3/31/16 $35,800
Data per bank for the month of April 2016 follow:
Deposits $47,600
Disbursements 47,900
All reconciling items at March 31, 2016 cleared the bank in April. Outstanding checks at April 30, 2016 totaled $7,000. There were no deposits in transit at April 30, 2016. What is the cash balance per books at April 30, 2016?
Select one:
a. $28,500
b. $32,800
c. $35,500
d. $29,800 ??
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