Biden Company provided the following data for the months of November and December: Nov 30 P2,032,000...

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Biden Company provided the following data for the months of November and December: Nov 30 P2,032,000 1,890,000 Dec 31 P 3,160,000 2,900,000 1,080,000 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits Outstanding checks Deposit in transit Check erroneously charged by the bank against the entity's account and corrected in subsequent month Bank service charge Note recorded as cash receipt by the entity when placed with the bank for collection and note is actually collected by the bank in subsequent month and credited by the bank to the entity's account in the same month Required. Prepare a proof of cash for the month of December 1,440,000 180,000 80,000 40,000 2,000 200,000 ? ? 592,000 498,000 50,000 4,000 300,000 Biden Company provided the following data for the months of November and December: Nov 30 P2,032,000 1,890,000 Dec 31 P 3,160,000 2,900,000 1,080,000 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits Outstanding checks Deposit in transit Check erroneously charged by the bank against the entity's account and corrected in subsequent month Bank service charge Note recorded as cash receipt by the entity when placed with the bank for collection and note is actually collected by the bank in subsequent month and credited by the bank to the entity's account in the same month Required. Prepare a proof of cash for the month of December 1,440,000 180,000 80,000 40,000 2,000 200,000 ? ? 592,000 498,000 50,000 4,000 300,000

Answer rating: 100% (QA)

Step 1 Proof of Cash Bank Reconciliation A proof of cash is a bank reconciliat... View the full answer