........... ... ....... .................... 1. The cash account of Bain Company on February 28,2020, follows(CR stands for cash receipts journal, CD stands for cash disbursements journal). Cash Feb. 1 Balance P 4,195 Feb. 3 CD 5 400 6 CR 14 800 12 CD 5 3,100 15 CR 15 1,800 19 CD 6 1,100 23 CR 15 900 25 CD 6 500 28 CR 15 2,400 27 CD 6 900 Feb.28 Balance 4,095 2. Bain Company receives this bank statement on February 28,2020 (negative amounts appear in parenthesis): Bank statement for February 2020 Beginning balance. „P 4,195 .....*.... .....*.** Deposits: Feb. 7. P 800 ....... ...................... 15 1,800 24 900 3,500 Check (total per day): Feb. 8 P 400 ....... .... . 3,100 22 1100 (4600)

........... ... ....... .................... 1. The cash account of Bain Company on February 28,2020, follows(CR stands for cash receipts journal, CD stands for cash disbursements journal). Cash Feb. 1 Balance P 4,195 Feb. 3 CD 5 400 6 CR 14 800 12 CD 5 3,100 15 CR 15 1,800 19 CD 6 1,100 23 CR 15 900 25 CD 6 500 28 CR 15 2,400 27 CD 6 900 Feb.28 Balance 4,095 2. Bain Company receives this bank statement on February 28,2020 (negative amounts appear in parenthesis): Bank statement for February 2020 Beginning balance. „P 4,195 ......... ......** Deposits: Feb. 7. P 800 ....... ...................... 15 1,800 24 900 3,500 Check (total per day): Feb. 8 P 400 ....... .... . 3,100 22 1100 (4600)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 59BPSB

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