35. Shown below is the bank reconciliation of ABC Corp for may 31, 20X1: Balance per bank, May 31 75,000 Deposit in transit 12,000 Outstanding Checks -14,000 Bank error -5,000 Cash balance per book, May 31 68,000 The bank statement for June contains the following data: Total deposits, P55,000 Total bank debits, including an NSF check of P4,000 and service charge of P200, All outstanding checks at May 31 were cleared on June On June 30, outstanding checks of P15,000 and deposits in transit of P19,000 were determined. How much is the cash receipts per books in June ? 43,000 48,000 62,000 74,000
35. Shown below is the bank reconciliation of ABC Corp for may 31, 20X1: Balance per bank, May 31 75,000 Deposit in transit 12,000 Outstanding Checks -14,000 Bank error -5,000 Cash balance per book, May 31 68,000 The bank statement for June contains the following data: Total deposits, P55,000 Total bank debits, including an NSF check of P4,000 and service charge of P200, All outstanding checks at May 31 were cleared on June On June 30, outstanding checks of P15,000 and deposits in transit of P19,000 were determined. How much is the cash receipts per books in June ? 43,000 48,000 62,000 74,000
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 7.3BE
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35. Shown below is the bank reconciliation of ABC Corp for may 31, 20X1: Balance per bank, May 31 75,000 Deposit in transit 12,000 Outstanding Checks -14,000 Bank error -5,000 Cash balance per book, May 31 68,000 The bank statement for June contains the following data: Total deposits, P55,000 Total bank debits, including an NSF check of P4,000 and service charge of P200, All outstanding checks at May 31 were cleared on June On June 30, outstanding checks of P15,000 and deposits in transit of P19,000 were determined. How much is the cash receipts per books in June ?
43,000
48,000
62,000
74,000
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