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MDB Company provided the following data pertaining to the cash transactions and bank account for the month of May: Cash balance per accounting record Cash balance per bank statement Bank service charge Php 2,103,000 3,195,000 10,000 5,000 685,000 500,000 810,000 Bank Debit Memo Outstanding checks Deposits made on May 30 and not yet reflected in the bank statement Collections made by the bank from a customer promissory note, the principal amount of Php800,000 with interest Check No. 1234 issued to a supplier entered in the accounting record as P210,000 but deducted in the bank statement at an erroneous amoant of 21,000 77,000 Customer check returned by the bank marked as NSF. No entry has been made to record the returned check What is the adjusted cash in bank?

MDB Company provided the following data pertaining to the cash transactions and bank account for the month of May: Cash balance per accounting record Cash balance per bank statement Bank service charge Php 2,103,000 3,195,000 10,000 5,000 685,000 500,000 810,000 Bank Debit Memo Outstanding checks Deposits made on May 30 and not yet reflected in the bank statement Collections made by the bank from a customer promissory note, the principal amount of Php800,000 with interest Check No. 1234 issued to a supplier entered in the accounting record as P210,000 but deducted in the bank statement at an erroneous amoant of 21,000 77,000 Customer check returned by the bank marked as NSF. No entry has been made to record the returned check What is the adjusted cash in bank?

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 5E
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MDB Company provided the following data pertaining to the cash transactions and bank account for the month of May: Cash balance per accounting record Cash balance per bank statement Bank service charge Bank Debit Memo Outstanding checks Deposits made on May 30 and not yet reflected in the hank statement Collections made by the bank from a customer promissory note, the principal amount of Php800,000 with interest Check No. 1234 issued to a supplier entered in the accounting record as P210,000 but deducted in the bank statement at an erroncous amount of Customer check returned by the bank marked as NSF. No entry has been made to record the returned check What is the adjusted cash in bank? Php 2,103,000 3,195,000 10,000 5,000 685,000 500,000 810,000 21,000 77,000 Your answer
Transcribed Image Text:MDB Company provided the following data pertaining to the cash transactions and bank account for the month of May: Cash balance per accounting record Cash balance per bank statement Bank service charge Bank Debit Memo Outstanding checks Deposits made on May 30 and not yet reflected in the hank statement Collections made by the bank from a customer promissory note, the principal amount of Php800,000 with interest Check No. 1234 issued to a supplier entered in the accounting record as P210,000 but deducted in the bank statement at an erroncous amount of Customer check returned by the bank marked as NSF. No entry has been made to record the returned check What is the adjusted cash in bank? Php 2,103,000 3,195,000 10,000 5,000 685,000 500,000 810,000 21,000 77,000 Your answer
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