Problemmork ltd had the following bank reconciliation at, Ask an Expert

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Mork, Ltd. had the following bank reconciliation at July 31, 20x6:

Balance per bank statement, July 31, 20x6 $36941
Add: Deposit in Transit 10940
Less: Outstanding cheques 11487
Balance per books, July 31, 20x6 $36394

Data per bank for the month of August 20x6 was as follows:
Deposits $ 47555
Disbursements 51354

All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at August 31, 20x6 totalled $4380. There were no deposits in transit at August 31, 20x6. What is the cash balance per books at August 31, 20x6?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92759231

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