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An examination of the records of St. Isidore Company's for the month of December included the following information: Bank statement December 31 balance 1,500,000 10,000 15,000 Bank service charge for December Interest paid by bank to St. Isidore Company for December Check issued to a supplier withdrawn from the bank at P35,000 but recorded as P53,000 for a difference of Deposits made but not yet recorded by the bank Deposit of San Isidro credited by the bank to St. Isidore's account Checks written and mailed but not yet recorded by the bank 18,000 150,000 40,000 350,000 Petty cash fund 10,000 What is the cash in bank balance per ledger on December 31? O A. 1,237,000 О в. 1,260,000 C. 1,273,000 O D. 1,500,000

An examination of the records of St. Isidore Company's for the month of December included the following information: Bank statement December 31 balance 1,500,000 10,000 15,000 Bank service charge for December Interest paid by bank to St. Isidore Company for December Check issued to a supplier withdrawn from the bank at P35,000 but recorded as P53,000 for a difference of Deposits made but not yet recorded by the bank Deposit of San Isidro credited by the bank to St. Isidore's account Checks written and mailed but not yet recorded by the bank 18,000 150,000 40,000 350,000 Petty cash fund 10,000 What is the cash in bank balance per ledger on December 31? O A. 1,237,000 О в. 1,260,000 C. 1,273,000 O D. 1,500,000

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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An examination of the records of St. Isidore Company's for the month of December included the following information: Bank statement December 31 balance 1,500,000 Bank service charge for December Interest paid by bank to St. Isidore Company for December Check issued to a supplier withdrawn from the bank at P35,000 but recorded as P53,000 for a difference of 10,000 15,000 18,000 Deposits made but not yet recorded by the bank Deposit of San Isidro credited by the bank to St. Isidore's account Checks written and mailed but not yet recorded by the bank 150,000 40,000 350,000 Petty cash fund 10,000 What is the cash in bank balance per ledger on December 31? A. 1,237,000 B. 1,260,000 C. 1,273,000 D. 1,500,000
Transcribed Image Text:An examination of the records of St. Isidore Company's for the month of December included the following information: Bank statement December 31 balance 1,500,000 Bank service charge for December Interest paid by bank to St. Isidore Company for December Check issued to a supplier withdrawn from the bank at P35,000 but recorded as P53,000 for a difference of 10,000 15,000 18,000 Deposits made but not yet recorded by the bank Deposit of San Isidro credited by the bank to St. Isidore's account Checks written and mailed but not yet recorded by the bank 150,000 40,000 350,000 Petty cash fund 10,000 What is the cash in bank balance per ledger on December 31? A. 1,237,000 B. 1,260,000 C. 1,273,000 D. 1,500,000
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