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Enterina Company provided the following bank reconciliation on May 31: Balance per bank statement Deposits Outstanding Checks Outstanding 2,100.000 300,000 (30,000) 2.370.000 Correct Cash Balance Balance per book Bank Service Charge Correct Cash Balance 2,372,000 2,000) 2.370.000 Data for the month of June: Bank Book 2,300,000 2,360,000 1,800,000 Checks recorded Deposits recorded Collection by Bank (P400,000 note plus interest) NSF Check returned with June 30 statement 1,620,000 420,000 10,000 1,830,000 Balances 1,810,000 29. What is the amount of checks outstanding on June 30? 30. What is the amount of deposits in transit on June 30? 31. What is the adjusted cash in bank on June 30?

Enterina Company provided the following bank reconciliation on May 31: Balance per bank statement Deposits Outstanding Checks Outstanding 2,100.000 300,000 (30,000) 2.370.000 Correct Cash Balance Balance per book Bank Service Charge Correct Cash Balance 2,372,000 2,000) 2.370.000 Data for the month of June: Bank Book 2,300,000 2,360,000 1,800,000 Checks recorded Deposits recorded Collection by Bank (P400,000 note plus interest) NSF Check returned with June 30 statement 1,620,000 420,000 10,000 1,830,000 Balances 1,810,000 29. What is the amount of checks outstanding on June 30? 30. What is the amount of deposits in transit on June 30? 31. What is the adjusted cash in bank on June 30?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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Egad Company provided the following information for October and November: Checks and charges recorded by Bank in November Including a November service charge of P8,000 and And NSF check of P40,000 1,100,000 Service Charge made by bank in October and recorded by Depositor in November 4,000 1,240,000 Total credits to cash in all journals during November Customer NSF check returned in October and redeposited In November (no entry made by depositor in either October Or November 80,000 Outstanding checks on October 31 that cleared in November 560,000 27. How much are the checks paid by bank in November? 28. What is the amount of outstanding checks on November 30? Enterina Company provided the following bank reconciliation on May 31: Balance per bank statement Deposits Outstanding Checks Outstanding 2,100.000 300,000 30,000) 2.370.000 Correct Cash Balance Balance per book Bank Service Charge Correct Cash Balance 2,372,000 | 2,000) 2.370,000 Data for the month of June: Bank Вook 2,300,000 1.620,000 420,000 10,000 1,830,000 2,360,000 1,800,000 Checks recorded Deposits recorded Collection by Bank (P400,000 note plus interest) NSF Check returned with June 30 statement Balances 1,810,000 29. What is the amount of checks outstanding on June 30? 30. What is the amount of deposits in transit on June 30? 31. What is the adjusted cash in bank on June 30?
Transcribed Image Text:Egad Company provided the following information for October and November: Checks and charges recorded by Bank in November Including a November service charge of P8,000 and And NSF check of P40,000 1,100,000 Service Charge made by bank in October and recorded by Depositor in November 4,000 1,240,000 Total credits to cash in all journals during November Customer NSF check returned in October and redeposited In November (no entry made by depositor in either October Or November 80,000 Outstanding checks on October 31 that cleared in November 560,000 27. How much are the checks paid by bank in November? 28. What is the amount of outstanding checks on November 30? Enterina Company provided the following bank reconciliation on May 31: Balance per bank statement Deposits Outstanding Checks Outstanding 2,100.000 300,000 30,000) 2.370.000 Correct Cash Balance Balance per book Bank Service Charge Correct Cash Balance 2,372,000 | 2,000) 2.370,000 Data for the month of June: Bank Вook 2,300,000 1.620,000 420,000 10,000 1,830,000 2,360,000 1,800,000 Checks recorded Deposits recorded Collection by Bank (P400,000 note plus interest) NSF Check returned with June 30 statement Balances 1,810,000 29. What is the amount of checks outstanding on June 30? 30. What is the amount of deposits in transit on June 30? 31. What is the adjusted cash in bank on June 30?
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