Do not give solution in image ABC Co. is preparing its Sept. 30, 2019 bank reconciliation.The following information was determined:a. Balance per bank statement, Sept. 30, 2019 - P180,000Deposit in transit, Sept. 20, 2019 - P32,000b.C.Return of customer's check due to insufficient funds(NSF check), Sept. 30, 2019 - P60,000d. Balance per books Sept, 30, 2019 - P143,000e. Outstanding checks, Sept. 30, 2019 - P27,000f.A collection of P320,000 was recorded in the books asP230,000. The bank statement shows the correctamount of P320,000.g. The bank erroneously credited a P12,000 deposit ofEye Busy Co. to ABC's accountRequirement: Prepare the bank reconciliation

Lets understand the basics. Bank reconciliation statement is a statemnet which tallies balance as…

ABC Co. is preparing its Sept. 30, 2019 bank reconciliation. The following information was determined: a. Balance per bank statement, Sept. 30, 2019 - P180,000 Deposit in transit, Sept. 20, 2019 - P32,000 b. c. Return of customer's check due to insufficient funds (NSF check), Sept. 30, 2019 - P60,000 Balance per books Sept, 30, 2019 - P143,000 Outstanding checks, Sept. 30, 2019 - P27,000 A collection of P320,000 was recorded in the books as P230,000. The bank statement shows the correct amount of P320,000. g. The bank erroneously credited a P12,000 deposit of Eye Busy Co. to ABC's account d. e. f.

ABC Co. is preparing its Sept. 30, 2019 bank reconciliation. The following information was determined: a. Balance per bank statement, Sept. 30, 2019 - P180,000 Deposit in transit, Sept. 20, 2019 - P32,000 b. c. Return of customer's check due to insufficient funds (NSF check), Sept. 30, 2019 - P60,000 Balance per books Sept, 30, 2019 - P143,000 Outstanding checks, Sept. 30, 2019 - P27,000 A collection of P320,000 was recorded in the books as P230,000. The bank statement shows the correct amount of P320,000. g. The bank erroneously credited a P12,000 deposit of Eye Busy Co. to ABC's account d. e. f.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...

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