hailand Company provided the following data relating to the cash transactions and bank account for July: Cash balance per ledger ??? Cash balance per bank statement ??? Debit memo for July service charge P3,500 Deposit of July 31 not recorded by the bank until August is P298,500 Outstanding checks (including certified check amounting to P25,000) P180,500 A customer note collected by the bank amounting to P120,600 A check issued to the supplier had been entered in the book as P86,500 and was erroneously deducted by the bank at P85,600. A Book error on a check issued by the company and recorded at P97,600 was cleared by the bank at an amount of P79,600. A customer check was returned by the bank marked as NSF P50,000. The corrected cash balance is P980,700. How much is the cash balance per ledger?
Thailand Company provided the following data relating to the cash transactions and bank account for July:
Cash balance per ledger ???
Cash balance per bank statement ???
Debit memo for July service charge P3,500
Deposit of July 31 not recorded by the bank until August is P298,500
Outstanding checks (including certified check amounting to P25,000) P180,500
A customer note collected by the bank amounting to P120,600
A check issued to the supplier had been entered in the book as P86,500 and was erroneously deducted by the bank at P85,600.
A Book error on a check issued by the company and recorded at P97,600 was cleared by the bank at an amount of P79,600.
A customer check was returned by the bank marked as NSF P50,000.
The corrected cash balance is P980,700.
How much is the cash balance per ledger?
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