Hot Company prepared the following bank reconciliation for the month of November: Balance per bank statement...

 

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Hot Company prepared the following bank reconciliation for the month of November: Balance per bank statement -November 30 3,600,000 Add: Deposit in transit 800,000 Total 4,400,000 Less: Checks outstanding 1,200,000 Bank credit recorded in error 200,000 1,400,000 Balance per book - November 30 3,000,000 Data per bank statement for the month of December: • December deposits, including notes receivable collected of P 1,000,000 for Hot Company, P 5,500.000 • December disbursement, including NSF check P 350,000 and service charge P 50,000, P 4,400,000 QUESTIONS: 1. What is the adjusted cash in bank on December 31? What is the amount of cash receipts per book in 2. December? What is the amount of cash disbursements per book in 3. December? Hot Company prepared the following bank reconciliation for the month of November: Balance per bank statement -November 30 3,600,000 Add: Deposit in transit 800,000 Total 4,400,000 Less: Checks outstanding 1,200,000 Bank credit recorded in error 200,000 1,400,000 Balance per book - November 30 3,000,000 Data per bank statement for the month of December: • December deposits, including notes receivable collected of P 1,000,000 for Hot Company, P 5,500.000 • December disbursement, including NSF check P 350,000 and service charge P 50,000, P 4,400,000 QUESTIONS: 1. What is the adjusted cash in bank on December 31? What is the amount of cash receipts per book in 2. December? What is the amount of cash disbursements per book in 3. December?

Answer rating: 100% (QA)

Solution 51 Solution to 1 52 We Have 360000000 550000000 910000000 4... View the full answer