answer pls, thank you! 6.Sandy Inc. had the following bank reconciliation at March 31, 2020:Balance per bank statement, 3/31/20Add: Deposit in transitP37,20010.300P47,50012 800P34,900Less: Outstanding checksBalance per books, 3/31/20Data per bank for the month of April 2020 follow:P42,70049 700DepositDisbursementAll reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks anddeposits in transit on April 30, 2020 totaled P5,000 and P1.000 respectively. The bankstatement for the month of April shows NSF check of P500 and bank service charge ofP100. Also in the bank statement, the bank erroneously charged a check of P400 to theaccount of Sandy Inc. What is the cash in bank balance per book on April 30, 2020?27.20028,20027,90026,900A.В.C.D.Computation7.the end of April, 2020?A.В.Refer to the information on Question No. 6. What is the correct balance of cash in bank at28,60027,600C.D.27.20028,200Computation

Bank reconciliation statement helps to match the balances of bank book and cash book at the end of…

6. Sandy Inc. had the following bank reconciliation at March 31, 2020: P37,200 10.300 P47,500 12 A00 P34.900 Balance per bank statement, 3/31/20 Add: Deposit in transit Less: Outstanding checks Balance per books, 3/31/20 Data per bank for the month of April 2020 follow: P42,700 40 700 Deposit Disbursement

6. Sandy Inc. had the following bank reconciliation at March 31, 2020: P37,200 10.300 P47,500 12 A00 P34.900 Balance per bank statement, 3/31/20 Add: Deposit in transit Less: Outstanding checks Balance per books, 3/31/20 Data per bank for the month of April 2020 follow: P42,700 40 700 Deposit Disbursement

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

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 16P

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