The following items were gathered by the accounting clerk in preparation for the bank reconciliation statement...
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The following items were gathered by the accounting clerk in preparation for the bank reconciliation statement of A & A Sugar Mill Ltd: Balance as per bank statement- overdraft/negative balance of P 2,118. • A check for P182 drawn for the payment of telephone bill had been entered in the cash book as P281 but was shown correctly in the bank statement. • A check for P210 by the customer having been deposited into bank was dishonored • A check was credited twice in Cash Book for worth P3,000. • Dividend of worth P90 had been collected by the bank but not recorded in the cash book. • Checks P3,000 drawn in December but only 1,200 presented for payment. • Interest amounting P228 had been debited by the bank but not entered in the cash book. • A check for P2,077 was issued by the company for purchase of merchandise and was paid by the bank but not recorded in company's book. • A check for P10,500 issued to Salman & Co. for purchase of Equipment was not presented yet in the bank for encashment. How much is/are the credit memo? The following items were gathered by the accounting clerk in preparation for the bank reconciliation statement of A & A Sugar Mill Ltd: Balance as per bank statement- overdraft/negative balance of P 2,118. • A check for P182 drawn for the payment of telephone bill had been entered in the cash book as P281 but was shown correctly in the bank statement. • A check for P210 by the customer having been deposited into bank was dishonored • A check was credited twice in Cash Book for worth P3,000. • Dividend of worth P90 had been collected by the bank but not recorded in the cash book. • Checks P3,000 drawn in December but only 1,200 presented for payment. • Interest amounting P228 had been debited by the bank but not entered in the cash book. • A check for P2,077 was issued by the company for purchase of merchandise and was paid by the bank but not recorded in company's book. • A check for P10,500 issued to Salman & Co. for purchase of Equipment was not presented yet in the bank for encashment. How much is/are the credit memo?
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The credit memo is P2118 Debit memo Check for P182 P281 P182 P99 Check for P210 P210 ... View the full answer
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