You have been hired by PAUBAYA Company with pertinent information is as follows: Book balance Bank...

  

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You have been hired by PAUBAYA Company with pertinent information is as follows: Book balance Bank balance Deposit in transit Outstanding checks CM-Collection of N/R DM-Bank Service Charge Nov. 30 189,400 214,700 22,500 14,100 21,000 100 Dec. Debits Dec. Credits 186,600 179,500 134,400 180,900 Dec. 31 2. C. 29,400 17,900 32,000 200 a. A customer check received and deposited in December by PAUBAYA amounting to P12,300 was debited by the bank twice as P21,300. No entry has been made to correct the error. b. A check issued by PATAWAD Company amounting to P2,500 was charged to the account of PAUBAYA in December. The bank was able to make a correct the error within the month. 2030 c. Collection of a P7,800 note of PAALAM Company in November was erroneously credited to PAUBAYA. No entry has been made to correct the error in December. d. A customer check for P6,100 deposited in December was returned on January 2, 2020 and was marked as NSF. e. A supplier's check issued in November was mutilated and returned. A replacement check was issued. Both checks were entered into the check register but no entry has been made in December to cancel the mutilated check for P5,000. f. A check dated and recorded on Dec. 28, 2019 amounting to P2,400 was delivered to the payee on January 11, 2019 REQUIRED: (2 points each) 1. Unadjusted book balance on December 31 2. Unadjusted bank balance on December 31 3. Adjusted book/bank balance on November 30 4. Adjusted receipts for December 5. Adjusted disbursements for December 6. Adjusted book/bank balance on December 31 You have been hired by PAUBAYA Company with pertinent information is as follows: Book balance Bank balance Deposit in transit Outstanding checks CM-Collection of N/R DM-Bank Service Charge Nov. 30 189,400 214,700 22,500 14,100 21,000 100 Dec. Debits Dec. Credits 186,600 179,500 134,400 180,900 Dec. 31 2. C. 29,400 17,900 32,000 200 a. A customer check received and deposited in December by PAUBAYA amounting to P12,300 was debited by the bank twice as P21,300. No entry has been made to correct the error. b. A check issued by PATAWAD Company amounting to P2,500 was charged to the account of PAUBAYA in December. The bank was able to make a correct the error within the month. 2030 c. Collection of a P7,800 note of PAALAM Company in November was erroneously credited to PAUBAYA. No entry has been made to correct the error in December. d. A customer check for P6,100 deposited in December was returned on January 2, 2020 and was marked as NSF. e. A supplier's check issued in November was mutilated and returned. A replacement check was issued. Both checks were entered into the check register but no entry has been made in December to cancel the mutilated check for P5,000. f. A check dated and recorded on Dec. 28, 2019 amounting to P2,400 was delivered to the payee on January 11, 2019 REQUIRED: (2 points each) 1. Unadjusted book balance on December 31 2. Unadjusted bank balance on December 31 3. Adjusted book/bank balance on November 30 4. Adjusted receipts for December 5. Adjusted disbursements for December 6. Adjusted book/bank balance on December 31

Answer rating: 100% (QA)

ANSWER 1 Unadjusted book balance on December 31 P186600 2 Unadjusted bank balance on December 31 P18... View the full answer