43. The following bank reconciliation is presented for the Melon Co. for the month of November 2019: P360,800 Balance per bank statement, 11/30/19 Add: Deposit in transit Erroneous bank charges Subtotal P83,000 30,000 113,000 Less: Outstanding checks Balance per books, 11/30/19 P473,800 156,400 P317,400 Data for the month of December 2019 follows: Per bank: December deposits/credits December charges/debits Balance, December 31, 2019 P522,000 448,400 434,400 All items that were outstanding as of November 30 cleared through the bank in December, including the bank charge. In addition, P50,000 in checks were outstanding as of December 31, 2019. What is che amount of cash receipts per books in December 2019? A. P409,000 B. P439,000 C. P492,000 D. P635,000

43. The following bank reconciliation is presented for the Melon Co. for the month of November 2019: P360,800 Balance per bank statement, 11/30/19 Add: Deposit in transit Erroneous bank charges Subtotal P83,000 30,000 113,000 Less: Outstanding checks Balance per books, 11/30/19 P473,800 156,400 P317,400 Data for the month of December 2019 follows: Per bank: December deposits/credits December charges/debits Balance, December 31, 2019 P522,000 448,400 434,400 All items that were outstanding as of November 30 cleared through the bank in December, including the bank charge. In addition, P50,000 in checks were outstanding as of December 31, 2019. What is che amount of cash receipts per books in December 2019? A. P409,000 B. P439,000 C. P492,000 D. P635,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 11MC

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Similar questions

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