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In preparing the bank reconciliation for the month of May, Mickey Company provided the following information:   Balance per bank statement                                                               Php      2,500,000 Deposit in transit                                                                                               500,000 Return of customer check for insufficient fund                                                 150,000 Outstanding checks                                                                                           350,000 Bank service charge for May                                                                               10,000   What is the adjusted cash in bank?

In preparing the bank reconciliation for the month of May, Mickey Company provided the following information:   Balance per bank statement                                                               Php      2,500,000 Deposit in transit                                                                                               500,000 Return of customer check for insufficient fund                                                 150,000 Outstanding checks                                                                                           350,000 Bank service charge for May                                                                               10,000   What is the adjusted cash in bank?

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 5.21E
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In preparing the bank reconciliation for the month of May, Mickey Company provided the following information:

 

Balance per bank statement                                                               Php      2,500,000

Deposit in transit                                                                                               500,000

Return of customer check for insufficient fund                                                 150,000

Outstanding checks                                                                                           350,000

Bank service charge for May                                                                               10,000

 

What is the adjusted cash in bank?

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