Please refer to the information provided and answer the following questions above. Please have mercy on me. Help me I badly need this ASAP. 1. How much is the deposit found in the bank that is notseen in the book transactions for July?2. How much is the total amount of check that is found in the bank that is not seen in the book transactions for July? Do not include bank errors.3. How much is the total amount of check found in the bookthat is not yet reflected in the bank?4. How much is the deposit found in the book that has not reflectedin the bank?5. What is the journal entry for the bank error of P11,000?6. What is the journal entry for the credit memo of P150,000?7. What is the journal entry for the debit memo of P2,500?8. What is the journal entry for the NSF check of P21,000? Case Problem 1: ABM Consultancy Services Bank Reconciling ItemsAnalyze the transactions of ABM Consultancy Services in the July bank statement below:Matapat BankLimay, Bataan BranchABM Consultancy ServicesDuale, Limay, BataanAccount No. 00345July 31, 2020DescriptionWithdrawalsDateDepositsBalance30-Jun25,0001-Jul13,00038,0004-Jul9-Jul9,00047,0004 150,000 CM197,00013-Jul12 2500 DM194.50015-Jul C No. ooe182,50012,00018-Jul30,000212,50020-Jul Chk No. o010121-Ju23-Ju26-Ju Chk No. o01036,000206,500Chk No. o010520,000186,50021,0003165.5009.900155,60030-Jul Chk No. 2109011,000144,6001. This is the Description of the transactions. In this example, the check we issued for payment to suppliers aredetailed here. These checks are those that the suppliers have already encashed. The check number may notalways be in order. If there are still missing check numbers, these could count as outstanding checks.2. Debit Memo of P2,500 is a bank service charge.3. No Sufficient Fund (NSF) check amounts P21,000.4. The loan of the company is approved and been credited to the bank account amounting P150,000.5. Check No. 21090 is a bank errorAnalyze the July transactions of ABM Consultancy Services as recorded in its books:July 4- Deposited P9,000 in the checking account.July 5- Issued the following checks to the suppliers:Check No. o0101 P 6,000Check No. o0102 P 3,000Check No. o0103 P 9,900July 18- Deposited P30,000 in the checking account.July 20- Issued the following checks to the suppliers:Check No. o0104 P15,000Check No. o0105 P20,000- Deposited P23,000 in the checking account.- Deposited P5,40o in the checking account.July 24July 28

Question

Please refer to the information provided and answer the following questions above. Please have mercy on me. Help me I badly need this ASAP.  1. How much is the deposit found in the bank that is notseen in the book transactions for July?2. How much is the total amount of check that is found in the bank that is not seen in the book transactions for July? Do not include bank errors.3. How much is the total amount of check found in the bookthat is not yet reflected in the bank?4. How much is the deposit found in the book that has not reflectedin the bank?5. What is the journal entry for the bank error of P11,000?6. What is the journal entry for the credit memo of P150,000?7. What is the journal entry for the debit memo of P2,500?8. What is the journal entry for the NSF check of P21,000? Case Problem 1: ABM Consultancy Services Bank Reconciling ItemsAnalyze the transactions of ABM Consultancy Services in the July bank statement below:Matapat BankLimay, Bataan BranchABM Consultancy ServicesDuale, Limay, BataanAccount No. 00345July 31, 2020DescriptionWithdrawalsDateDepositsBalance30-Jun25,0001-Jul13,00038,0004-Jul9-Jul9,00047,0004 150,000 CM197,00013-Jul12 2500 DM194.50015-Jul C No. ooe182,50012,00018-Jul30,000212,50020-Jul Chk No. o010121-Ju23-Ju26-Ju Chk No. o01036,000206,500Chk No. o010520,000186,50021,0003165.5009.900155,60030-Jul Chk No. 2109011,000144,6001. This is the Description of the transactions. In this example, the check we issued for payment to suppliers aredetailed here. These checks are those that the suppliers have already encashed. The check number may notalways be in order. If there are still missing check numbers, these could count as outstanding checks.2. Debit Memo of P2,500 is a bank service charge.3. No Sufficient Fund (NSF) check amounts P21,000.4. The loan of the company is approved and been credited to the bank account amounting P150,000.5. Check No. 21090 is a bank errorAnalyze the July transactions of ABM Consultancy Services as recorded in its books:July 4- Deposited P9,000 in the checking account.July 5- Issued the following checks to the suppliers:Check No. o0101 P 6,000Check No. o0102 P 3,000Check No. o0103 P 9,900July 18- Deposited P30,000 in the checking account.July 20- Issued the following checks to the suppliers:Check No. o0104 P15,000Check No. o0105 P20,000- Deposited P23,000 in the checking account.- Deposited P5,40o in the checking account.July 24July 28

Accepted Answer

(1) As we have seen that there is a credit of 13000 in bank statement on 01st July which is not…