On March 31, the Sitha Corporation had three outstanding deposits: a $952 deposi
ID: 341358 • Letter: O
Question
On March 31, the Sitha Corporation had three outstanding deposits: a $952 deposit made on March 29, a $250 deposit made on March 30, and a $840 deposit made on March 31. During April the company made the following deposits: April 7 of $1,450, April 14 of $2,460, April 19 of $1,256, April 25 of $1,840, April 29 of $790, and April 30 of $2,520. On its April 30 bank statement, the following deposits appeared as processed by the bank: April 1 $952, $250, and $840, April 8 $1,450, April 15 $2,460, April 20 $1,256, and April 26 $1,840. Determine the dollar amount of the company's outstanding deposits on April 30.
$3,310
$2,042
$10,316
$9,048
a.$3,310
b.$2,042
c.$10,316
d.$9,048
Explanation / Answer
The dollar amount of the company's outstanding deposits on April 30 is $ 3310 i.e. option A
the dollar amount of the company's outstanding deposits on April 30 is deposits made but not cleared by bank on april 29 of $790 and april 30 of $ 2520, i.e. a total of $ 3310.
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