When a company's bookkeeper started to prepare the monthly bank reconciliation, the cash account showed a...

 

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When a company's bookkeeper started to prepare the monthly bank reconciliation, the cash account showed a balance of P528.600. At the end of the month, the following information was available from the company records and the monthly bank statement: Customers NSF check listed in the bank statement... Bank service charge. Outstanding check... 178.000 Deposit of 45.000 was erroneously credited in the bank statement as 54.000 Company wrote 1.700 but recorded it as. Customer default on account. The correct cash balance should be: P 40.800 2.400 7.100 12,600 Samsung Inc. uses four-column bank reconciliation. The bank reconciliation for March shows outstanding checks for P300. During April, the company wrote check totaling P23,600. The bank statement for April shows P23.010 of checks clearing the company's account. The amount of outstanding checks on April bank reconciliation must be: Nintendo Co. reported a balance of P14.300 in its cash account at the end of the month. There were P12.000 deposits in transit and P11.500 of checks outstanding. The bank statement showed a balance of P15,000. Service charge of P600, and the collection of a note plus interest. The note had a face value of P1500. How much interest did the company collect? Jony uses four-column bank reconciliation. The bank statement for May shows payments of P13.150, including service charge of P200. At the beginning of May, there were P900 of checks outstanding. At the end of May, there were P1.200 of checks outstanding. Before recording the bank service charge. Sony must have recorded May payments of: A company received its monthly bank statement, which showed an ending balance of P150.000. Adjustment on the bank reconciliation included a deposit in transit of P20.000; outstanding checks of P30.000: NSF check of P5,000: bank service charge of P300; proceeds of a note collected by the bank of P40.000. What was the correct cash balance to be. shown in the statement of financial position? Using the above information, how much is the unadjusted cash balance per books? Sandy, Inc. had the owing bank reconciliation Balance per bank statement 3/31/16 Add: Deposit in transit Less: Outstanding checks Balance per books. 3/31/16 at March 31, 2016: Data per bank for the month of April 2016 follow Deposits Disbursements All reconciling items at March 31, 2016 cleared the bank in April. Outstanding 30. 2016 totaled P6.000. There were no deposits in transit at April 30, 2016. cash balance per books at April 30, 2016? P37,200 10.300 47.500 12.600 P34.900 P46.700 49.700 checks at Apri What is the When a company's bookkeeper started to prepare the monthly bank reconciliation, the cash account showed a balance of P528.600. At the end of the month, the following information was available from the company records and the monthly bank statement: Customers NSF check listed in the bank statement... Bank service charge. Outstanding check... 178.000 Deposit of 45.000 was erroneously credited in the bank statement as 54.000 Company wrote 1.700 but recorded it as. Customer default on account. The correct cash balance should be: P 40.800 2.400 7.100 12,600 Samsung Inc. uses four-column bank reconciliation. The bank reconciliation for March shows outstanding checks for P300. During April, the company wrote check totaling P23,600. The bank statement for April shows P23.010 of checks clearing the company's account. The amount of outstanding checks on April bank reconciliation must be: Nintendo Co. reported a balance of P14.300 in its cash account at the end of the month. There were P12.000 deposits in transit and P11.500 of checks outstanding. The bank statement showed a balance of P15,000. Service charge of P600, and the collection of a note plus interest. The note had a face value of P1500. How much interest did the company collect? Jony uses four-column bank reconciliation. The bank statement for May shows payments of P13.150, including service charge of P200. At the beginning of May, there were P900 of checks outstanding. At the end of May, there were P1.200 of checks outstanding. Before recording the bank service charge. Sony must have recorded May payments of: A company received its monthly bank statement, which showed an ending balance of P150.000. Adjustment on the bank reconciliation included a deposit in transit of P20.000; outstanding checks of P30.000: NSF check of P5,000: bank service charge of P300; proceeds of a note collected by the bank of P40.000. What was the correct cash balance to be. shown in the statement of financial position? Using the above information, how much is the unadjusted cash balance per books? Sandy, Inc. had the owing bank reconciliation Balance per bank statement 3/31/16 Add: Deposit in transit Less: Outstanding checks Balance per books. 3/31/16 at March 31, 2016: Data per bank for the month of April 2016 follow Deposits Disbursements All reconciling items at March 31, 2016 cleared the bank in April. Outstanding 30. 2016 totaled P6.000. There were no deposits in transit at April 30, 2016. cash balance per books at April 30, 2016? P37,200 10.300 47.500 12.600 P34.900 P46.700 49.700 checks at Apri What is the

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Lets calculate the correct cash balance for each of the given scenarios Company with Errors in Bank Reconciliation Initial Cash Account Balance P52860... View the full answer