Poe, Inc. had the following bank reconciliation at March 31, 2006:
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|
Balance per bank statement, 3/31/06 |
$46,500 |
|
Add deposit in transit |
10,300 |
|
56,800 |
|
|
Less outstanding checks |
12,600 |
|
Balance per books, 3/31/06 |
$44,200 |
Data per bank for the month of April 2006 follow:
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|
Deposits |
$58,400 |
|
Disbursements |
49,700 |
All reconciling items at March 31, 2006, cleared the bank in April. Outstanding checks at April 30, 2006, totaled $7,000. There were no deposits in transit at April 30, 2006. What is the cash balance per books at April 30, 2006?
- $48,200
- $52,900
- $55,200
- $58,500