Bigotry Company provided the following information: Balance per book, August 31 Receipts per book for August...
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Bigotry Company provided the following information: Balance per book, August 31 Receipts per book for August Disbursements per book for August 2,000,000 4,400,000 3,600,000 Balance per bank, August 31- Bank receipts for August Bank disbursements for August 1,860,000 5,000,000 3,940,000 August collection of P200,000 recorded by entity as August check in payment of account payable for P600,000 recorded by entity as Deposit of Bigot Company erroneously credited by bank to Bigotry Company August check of Bigot Company erroneously charged by bank to Bigotry Company 20,000 60,000 200,000 400,000 NSF check: July August 100,000 50,000 Note collected by bank for Bigotry Company: July August 200,000 300,000 Deposit in transit: July 31 August 31 600,000 480,000 Outstanding checks: July 31 August 31 100,000 650,000 Required: Prepare a proof of cash for the month of August following the "book to bank" method. Bigotry Company provided the following information: Balance per book, August 31 Receipts per book for August Disbursements per book for August 2,000,000 4,400,000 3,600,000 Balance per bank, August 31- Bank receipts for August Bank disbursements for August 1,860,000 5,000,000 3,940,000 August collection of P200,000 recorded by entity as August check in payment of account payable for P600,000 recorded by entity as Deposit of Bigot Company erroneously credited by bank to Bigotry Company August check of Bigot Company erroneously charged by bank to Bigotry Company 20,000 60,000 200,000 400,000 NSF check: July August 100,000 50,000 Note collected by bank for Bigotry Company: July August 200,000 300,000 Deposit in transit: July 31 August 31 600,000 480,000 Outstanding checks: July 31 August 31 100,000 650,000 Required: Prepare a proof of cash for the month of August following the "book to bank" method.
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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod-Dick I
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