Chris Company presented the following bank reconciliation for the month of November: Balance per bank statement, November 30 3,600,000 Add: Deposit in transit 800,000 Total 4,400,000 Less: Outstanding checks 1,200,000 Bank credit recorded in error 200,000 1,400,000 Balance per book, November 30 3,000,000 Data per bank statement for the month of December follow: December deposits, including note collected of P1,000,000 for Chris 5,500,000 December disbursements, including NSF customer check P350,000 and service charge P50,000 4,400,000 All items that were outstanding on November 30 cleared through the deposits of P700,000 were in transit on December 31. What is the adjusted ash in bank on December 31?
Chris Company presented the following bank reconciliation for the month of November: Balance per bank statement, November 30 3,600,000 Add: Deposit in transit 800,000 Total 4,400,000 Less: Outstanding checks 1,200,000 Bank credit recorded in error 200,000 1,400,000 Balance per book, November 30 3,000,000 Data per bank statement for the month of December follow: December deposits, including note collected of P1,000,000 for Chris 5,500,000 December disbursements, including NSF customer check P350,000 and service charge P50,000 4,400,000 All items that were outstanding on November 30 cleared through the deposits of P700,000 were in transit on December 31. What is the adjusted ash in bank on December 31?
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Chris Company presented the following bank reconciliation for the month of November:
Balance per bank statement, November 30
3,600,000
Add: Deposit in transit
800,000
Total
4,400,000
Less: Outstanding checks
1,200,000
Bank credit recorded in error
200,000
1,400,000
Balance per book, November 30
3,000,000
Data per bank statement for the month of December follow:
December deposits, including note collected of P1,000,000 for Chris
5,500,000
December disbursements, including NSF customer check P350,000 and service charge P50,000
4,400,000
All items that were outstanding on November 30 cleared through the deposits of P700,000 were in transit on December 31.
What is the adjusted ash in bank on December 31?
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