30.
Cash balance per book | 4,600 |
Add : Deposit in transit | 550 |
Less : Outstanding check | -780 |
Adjusted cash balance on April 30 | $4,370 |
Correct option is (A)
31.
Checks written in Oct | 17,080 |
Checks written in Nov | 18,650 |
Checks cleared in Oct | -16,240 |
Check cleared in Nov | -18,220 |
Outstanding checks on Nov 30 | $1,270 |
Correct option is (C)
32.
Checks written May | 28,000 |
Checks presented for payment | -25,000 |
Checks outstanding at the end of May | $3,000 |
Correct option is (A)
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