Jungkook Inc. had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20- P37,200 Deposit in transit- P10,300 Outstanding checks- P12,600 Balance per books, 3/31/20- P34,900 Data per bank for the month of April 2020 follow: Deposits- P46,700 Disbursements P49,700 All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled P6,000. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020?
Jungkook Inc. had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20- P37,200 Deposit in transit- P10,300 Outstanding checks- P12,600 Balance per books, 3/31/20- P34,900 Data per bank for the month of April 2020 follow: Deposits- P46,700 Disbursements P49,700 All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled P6,000. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020?
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Jungkook Inc. had the following bank reconciliation at March 31, 2020:
- Balance per bank statement, 3/31/20- P37,200
- Deposit in transit- P10,300
- Outstanding checks- P12,600
- Balance per books, 3/31/20- P34,900
Data per bank for the month of April 2020 follow:
- Deposits- P46,700
- Disbursements P49,700
All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled P6,000. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020?
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