Humanizer Company provided the following information: Balance per bank statement-May 31 Deposits outstanding Checks outstanding Correct...

 

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Humanizer Company provided the following information: Balance per bank statement-May 31 Deposits outstanding Checks outstanding Correct bank balance - May 31 Balance per book-May 31 Bank service charge Correct book balance - May 31 June data are as follows: Checks recorded Deposits recorded Bank 2,200,000 1,600,000 2,600,000 300,000 100,000) 2,800,000 2,810,000 10,000) 2,800,000 Book 2,500,000 1,800,000 Service charges recorded 50,000 Note collected by bank, P500,000 plus interest 550,000 NSF check returned with June 30 statement 100,000 Balances 2,400,000 2,100,000 1. What is the amount of outstanding checks on June 30? 2. What is the amount of deposits in transit on June 30? OLD OOK 3. What is the adjusted cash in bank on June 30? Lovable Company prepared the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit Total Outstanding checks Balance per book, June 30 3,000,000 400,000 3,400,000 900,000) 2,500,000 The bank statement for the month of July showed the following: Deposits, including P200,000 note collected for Lovable Disbursements, including P140,000 NSF check and P10,000 service charge 9,000,000 7,000,000 All reconciling items on June 30 cleared through the bank in July. The outstanding checks totaled P600,000 and the deposit in transit amounted to P1,000,000 on July 31. 1. What is the adjusted cash in bank on July 31? 2. What is the cash balance per book on July 31? 3. What is the amount of cash receipts per book in July? 4. What is the amount of cash disbursements per book in July? Humanizer Company provided the following information: Balance per bank statement-May 31 Deposits outstanding Checks outstanding Correct bank balance - May 31 Balance per book-May 31 Bank service charge Correct book balance - May 31 June data are as follows: Checks recorded Deposits recorded Bank 2,200,000 1,600,000 2,600,000 300,000 100,000) 2,800,000 2,810,000 10,000) 2,800,000 Book 2,500,000 1,800,000 Service charges recorded 50,000 Note collected by bank, P500,000 plus interest 550,000 NSF check returned with June 30 statement 100,000 Balances 2,400,000 2,100,000 1. What is the amount of outstanding checks on June 30? 2. What is the amount of deposits in transit on June 30? OLD OOK 3. What is the adjusted cash in bank on June 30? Lovable Company prepared the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit Total Outstanding checks Balance per book, June 30 3,000,000 400,000 3,400,000 900,000) 2,500,000 The bank statement for the month of July showed the following: Deposits, including P200,000 note collected for Lovable Disbursements, including P140,000 NSF check and P10,000 service charge 9,000,000 7,000,000 All reconciling items on June 30 cleared through the bank in July. The outstanding checks totaled P600,000 and the deposit in transit amounted to P1,000,000 on July 31. 1. What is the adjusted cash in bank on July 31? 2. What is the cash balance per book on July 31? 3. What is the amount of cash receipts per book in July? 4. What is the amount of cash disbursements per book in July?