3. Lim’s bank balance on July 1 was ₱20,475. Since then, she has made the following deposits: ₱10,800; ₱516; ₱2,323; and ₱1,974. She also issued the following checks: ₱39,371.60; ₱1,348; and ₱18,407. At the end of the month, she had to pay a bill in the amount of ₱12,429.40. What additional deposit did she have to make in order to still have a remaining balance of ₱10,110
3. Lim’s bank balance on July 1 was ₱20,475. Since then, she has made the following deposits: ₱10,800; ₱516; ₱2,323; and ₱1,974. She also issued the following checks: ₱39,371.60; ₱1,348; and ₱18,407. At the end of the month, she had to pay a bill in the amount of ₱12,429.40. What additional deposit did she have to make in order to still have a remaining balance of ₱10,110
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
Related questions
Question
100%
3. Lim’s bank balance on July 1 was ₱20,475. Since then, she has made the following deposits: ₱10,800; ₱516; ₱2,323; and ₱1,974. She also issued the following checks: ₱39,371.60; ₱1,348; and ₱18,407. At the end of the month, she had to pay a bill in the amount of
₱12,429.40. What additional deposit did she have to make in order to still have a remaining balance of ₱10,110 after meeting this obligation?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage