Question

Mork, Ltd. had the following bank reconciliation at July 31, 20x6: $37474 Balance per bank statement, July 31, 20x6 Add: Deposit in Transit Less: Outstanding cheques Balance per books, July 31, 20x6 10067 11255 $36286 Data per bank or the month of August 20x6 was as follows: Deposits $ 45270 Disbursements 49377 The deposits and disbursements for August include the items per the July bank reconciliation. All reconciling items at July 31, 20x6 cleared the bank in August. Outstanding cheques at August 31, 20x6 totalled $4301. There were no deposits in transit at August 31, 20x6. What is the cash balance per books at August 31, 20x6? Select one: O a. $32179 b. $39133 c. $33367 O d. $29066

Answer 1

d. $29066

Solution :

Statement showing balance per book at 31 Aug, 20X6-

	Amount	Amount
Balance per books, July 31, 20X6		$36286
1. Add: deposits in the month of Aug	$45270
(-) item as per July reconciliation	($10067)	$35203
2. Less: disbursement in the month of Aug	($49377)
(+) item as per July reconciliation	$11255	($38122)
3. Less: outstanding cheques at 31 Aug, 20X6		($4301)
Cash balance per books at 31 Aug, 20X6		$29066