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Deposit of December 27 omitted from bank statement bank to the account of Alpha Company mont 5,000,000 5,500,000 Cash balance per ledger Cash balance per bank statement Proceeds of bank loan discounted on December 1 for one year at 14% Undeposited collections on December 31 516,000 300,000 Check of Omega Company had been incorrectly deducted by bank from Alpha Company account 50,000 Check of Alpha Company in payment of an account payable had been recorded by the depositor as P20,000. The correct 200,000 amount is The ledger account for cash was the only cash account kept by the entity. It included a petty cash account comprised of the following items: Currency and coin Supplies Transportation Postage 4,000 2,000 3,000 1,000 Deposit of Omega Company credited by 10,000 130,000 150,000 544.000 Outstanding checks Required:

Deposit of December 27 omitted from bank statement bank to the account of Alpha Company mont 5,000,000 5,500,000 Cash balance per ledger Cash balance per bank statement Proceeds of bank loan discounted on December 1 for one year at 14% Undeposited collections on December 31 516,000 300,000 Check of Omega Company had been incorrectly deducted by bank from Alpha Company account 50,000 Check of Alpha Company in payment of an account payable had been recorded by the depositor as P20,000. The correct 200,000 amount is The ledger account for cash was the only cash account kept by the entity. It included a petty cash account comprised of the following items: Currency and coin Supplies Transportation Postage 4,000 2,000 3,000 1,000 Deposit of Omega Company credited by 10,000 130,000 150,000 544.000 Outstanding checks Required:

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.5.1C
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PREPARE A BOOK TO BANK STATEMENT
 
 
 
 
 
 
bank to the account of Alpha Company Deposit of December 27 omitted from bank statement month of December: 5,000,000 5,500,000 Cash balance per ledger Cash balance per bank statement Proceeds of bank loan discounted on December 1 for one year at 14% Undeposited collections on December 31 516,000 300,000 Check of Omega Company had been incorrectly deducted by bank from Alpha Company account 50,000 Check of Alpha Company in payment of an account payable had been recorded by the depositor as P20,000. The correct amount is 200,000 The ledger account for cash was the only cash account kept by the entity. It included a petty cash account comprised of the following items: Currency and coin Supplies Transportation Postage 4,000 2,000 3,000 1,000 Deposit of Omega Company credited by 10,000 130,000 150,000 544,000 Outstanding checks Required:
Transcribed Image Text:bank to the account of Alpha Company Deposit of December 27 omitted from bank statement month of December: 5,000,000 5,500,000 Cash balance per ledger Cash balance per bank statement Proceeds of bank loan discounted on December 1 for one year at 14% Undeposited collections on December 31 516,000 300,000 Check of Omega Company had been incorrectly deducted by bank from Alpha Company account 50,000 Check of Alpha Company in payment of an account payable had been recorded by the depositor as P20,000. The correct amount is 200,000 The ledger account for cash was the only cash account kept by the entity. It included a petty cash account comprised of the following items: Currency and coin Supplies Transportation Postage 4,000 2,000 3,000 1,000 Deposit of Omega Company credited by 10,000 130,000 150,000 544,000 Outstanding checks Required:
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