39. How much is the adjusted Bank / Book receipts as of December 31, 2021? CPA Company provided the following information:Reconciling items:Undeposited collectionsOutstanding checksCustomer's notes collected by bankBank service chargesErroneous bank debits30-Nov31-Dec200,000 120,00080,00060,000100,000 120,0002,00010,0003,00020,00040,0005,000Erroneous bank credits30,000NSF checks not redepositedCustomers check deposited December 10,returned by bank on December 16 marked NSF,and redeposited immediately; no entry made on books for return orredeposit7,00010,000Unadjusted balances:Books?90,000Bank230,000?BankВooksDecember Transactions:ReceiptsDisbursements420,000 270,000500,000 407,000How much is the adjusted Bank / Book receipts as of December 31, 2021?

It is one of the methods to discover unrecorded cash transactions while performing audit of cash.…

CPA Company provided the following information: Reconciling items: Undeposited collections Outstanding checks Customer's notes collected by bank Bank service charges Erroneous bank debits Erroneous bank credits 30-Nov 31-Dec 200,000 120,000 80,000 60,000 100,000 120,000 2,000 3,000 10,000 20,000 40,000 30,000