Question: 1. How much is the adjusted receipts in August? Use the following information for the next three questions: Information on ABC Co. is shown below:

1. How much is the adjusted receipts in August? Use the following information for the next three questions: Information on ABC Co. is shown below: 30-Jul Aug. 31 Book balance 132,200 180,000 Book debits 60,000 Book credits ? Bank balance 100,600 169,000 Bank debits 20,600 Bank credits ? Notes collected by bank 10,000 35,000 Debit memos 7,800 8,900 Understatement of book receipts 2,800 Deposit in transit 45,000 43,800 Outstanding checks 11,200 3,900 2. How much is the adjusted disbursements in August? Use the following information for the next three questions: Information on ABC Co. is shown below: 30-Jul Aug. 31 Book balance 132,200 180,000 Book debits 60,000 Book credits ? Bank balance 100,600 169,000 Bank debits 20,600 Bank credits ? Notes collected by bank 10,000 35,000 Debit memos 7,800 8,900 Understatement of book receipts 2,800 Deposit in transit 45,000 43,800 Outstanding checks 11,200 3,900 3. How much is the adjusted balance of cash on August? Use the following information for the next three questions: Information on ABC Co. is shown below: 30-Jul Aug. 31 Book balance 132,200 180,000 Book debits 60,000 Book credits Bank balance 100,600 169,000 Bank debits 20,600 Bank credits ? Notes collected by bank 10,000 35,000 Debit memos 7,800 8,900 Understatement of book receipts 2,800 Deposit in transit 45,000 43,800 Outstanding checks 11,200 3,900
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