Below is Huru's Company information for the preparation of proof of cash: Nov 30 Dec 31 A Cash Account Balance 15,822 39,745 B Bank Statement Balance 107,082 137,817 C Deposit in Transit. 8,201 12,880 D Outstanding Checks 27,718 30,112 E Bank Service Charge 72 60 F Customer's chck deposited 9,250 Dec 10, returned due to NSF G Notes receivable collection 71,815 80,900 Receipts balance per book 235, 452 Disbursements as per bank 212 529 Prepare the proof of cash and answer the following questions Adjusted cash balance How much is the cash shortage How much is the adjusted receipts and disbursement
Below is Huru's Company information for the preparation of proof of cash:
Nov 30 Dec 31
A Cash Account Balance 15,822 39,745
B Bank Statement Balance 107,082 137,817
C Deposit in Transit. 8,201 12,880
D Outstanding Checks 27,718 30,112
E Bank Service Charge 72 60
F Customer's chck deposited 9,250
Dec 10, returned due to NSF
G Notes receivable collection 71,815 80,900
Receipts balance per book 235, 452
Disbursements as per bank 212 529
Prepare the proof of cash and answer the following questions
- Adjusted cash balance
- How much is the cash shortage
- How much is the adjusted receipts and disbursement
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