Your client, Aira Marie Shon Company, presented you the following data:

Reconciling Items:

Undeposited collections:

September 30 October 31

  5,200                   ?

Bank service charges:

September 30  October31

  50                        65

Outstanding checks:

September 30 October 31

  8,007                    ?

Erroneous bank debits:

September 30 October 31

 600                    900

NSF checks:

September 30   October 31

    526                      700

Erroneous bank credit:

September 30 October 31

   1,000             3,000

Customer's notes collected by bank: Balances:

September 30 October 31

  1,500                4,277

Book - October 31  Bank-September 30

  166,236                        130,560

October transactions:

Receipts:

Book 151,230

Bank 149,951

Disbursements:

Book 111,423

Bank 110,098

Questions:

Based on the above data and the result of your audit, compute for the following:

1. How much is the total disbursements in October?

a. 154,007 c. 110,098

b. 111,612 d. 115,412

2. How much is the undeposited collection, October 31, 2019?

a. 12,856 c. 21,856

b. 11,256 d. 21,586

3. How much is the total outstanding checks, Oct. 31, 2019?

a. 9,821 c. 12,124

b. 11,421 d. 12,142

4. How much is the adjusted balance of cash, September 30, 2019?

a. 127,353 c. 111,612

b. 154,007 d. 169,748

Answer rating: 100% (QA)

1 How much is the total disbursements in October b 111612 2 How much is the ... View the full answer