Question: Please do it in excel or table: 5. John Paul Company banks with World Bank and prepares a reconciliation of the bank and book balances
Please do it in excel or table:

5. John Paul Company banks with World Bank and prepares a reconciliation of the bank and book balances on a regular basis. The April 31, 2013 reconciliation shows a balance per bank of P581,050, balance per books of P627,000, outstanding checks of P84,300, deposit in transit of P120,000, interest earned on the bank balance of P1,250, and service charges of P400. Included in the bank statement was a cancelled check that the company failed to record. The check was in payment of bank loan. Determine the amount of unrecorded check issued by the company in payment of bank loan
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
