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2. The company has an unadjusted book balance of P200,000.00. It has a deposit in transit worth P56,000.00 and outstanding check worth P12,000.00. The bank statement received from the bank shows that the interest income worth P37,000.00 was credited and the service charge of P19,000.00 was deducted. Required: 1. How much is the adjusted cash balance for the period? 2. How much is the unadjusted bank balance?

2. The company has an unadjusted book balance of P200,000.00. It has a deposit in transit worth P56,000.00 and outstanding check worth P12,000.00. The bank statement received from the bank shows that the interest income worth P37,000.00 was credited and the service charge of P19,000.00 was deducted. Required: 1. How much is the adjusted cash balance for the period? 2. How much is the unadjusted bank balance?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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Direction: Prepare a bank reconciliation statement of the given information below. (Please refer to the picture)
2. The company has an unadjusted book balance of P200,000.00. It has a deposit in transit worth P56,000.00 and outstanding check worth P12,000.00. The bank statement received from the bank shows that the interest income worth P37,000.00 was credited and the service charge of P19,000.00 was deducted. Required: 1. How much is the adjusted cash balance for the period? 2. How much is the unadjusted bank balance?
Transcribed Image Text:2. The company has an unadjusted book balance of P200,000.00. It has a deposit in transit worth P56,000.00 and outstanding check worth P12,000.00. The bank statement received from the bank shows that the interest income worth P37,000.00 was credited and the service charge of P19,000.00 was deducted. Required: 1. How much is the adjusted cash balance for the period? 2. How much is the unadjusted bank balance?
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