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Mixture Laboratories has a current account in BDO. The company's account reveals the following: Balances taken from the company's general ledger: Cash balance, November 30, 2021 Cash balance, December 31, 2021 Receipts, December 1 to 31, 2021 Balances taken from the December bank statement: Bank balance, November 30, 2021 Bank balance, December 31, 2021 Disbursements (debits) Outstanding checks, November 30, 2021 (P26,140 was paid by bank in December) Checks written and recorded in December; not included in the checks returned with the December bank statement Deposit in transit, November 30, 2021 Deposit in transit, December 31, 2021 A bank credit memo was issued in December to correct an erroneous charge made in November Note collected by bank in December (company was not informed of the collection) P637,860 576,420 306,220 P685,180 637,220 356,080 A check for P2,020 (payable to a supplier) was recorded in the check register journal in December as P3,000 A check for P2,240 was charged by the bank as P2,420 in December Mixture issued a stop payment order to the bank in December. This pertains to a check written in December which was not received by the payee. A new check was written and recorded in the check register journal in December. The old check was written off by a journal entry also in December. Bank service charge, November 30, 2021 64,140 36,080 15,260 16,140 1,500 2,060 980 180 780 60 5. What is the total unadjusted book disbursements in December? 6. What is the total unadjusted bank receipts in December? 7. What is the total outstanding checks on December 31? 8. What is the adjusted bank balance on November 30? 9. What is the adjusted bank disbursements in December? 10. What is adjusted book balance on December 31?_

Mixture Laboratories has a current account in BDO. The company's account reveals the following: Balances taken from the company's general ledger: Cash balance, November 30, 2021 Cash balance, December 31, 2021 Receipts, December 1 to 31, 2021 Balances taken from the December bank statement: Bank balance, November 30, 2021 Bank balance, December 31, 2021 Disbursements (debits) Outstanding checks, November 30, 2021 (P26,140 was paid by bank in December) Checks written and recorded in December; not included in the checks returned with the December bank statement Deposit in transit, November 30, 2021 Deposit in transit, December 31, 2021 A bank credit memo was issued in December to correct an erroneous charge made in November Note collected by bank in December (company was not informed of the collection) P637,860 576,420 306,220 P685,180 637,220 356,080 A check for P2,020 (payable to a supplier) was recorded in the check register journal in December as P3,000 A check for P2,240 was charged by the bank as P2,420 in December Mixture issued a stop payment order to the bank in December. This pertains to a check written in December which was not received by the payee. A new check was written and recorded in the check register journal in December. The old check was written off by a journal entry also in December. Bank service charge, November 30, 2021 64,140 36,080 15,260 16,140 1,500 2,060 980 180 780 60 5. What is the total unadjusted book disbursements in December? 6. What is the total unadjusted bank receipts in December? 7. What is the total outstanding checks on December 31? 8. What is the adjusted bank balance on November 30? 9. What is the adjusted bank disbursements in December? 10. What is adjusted book balance on December 31?_

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.2: Bank Reconciliation
Problem 1OYO
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Answer questions 5-7.
Problem 2 Mixture Laboratories has a current account in BDO. The company's account reveals the following: Balances taken from the company's general ledger: Cash balance, November 30, 2021 Cash balance, December 31, 2021 Receipts, December 1 to 31, 2021 Balances taken from the December bank statement: Bank balance, November 30, 2021 Bank balance, December 31, 2021 Disbursements (debits) Outstanding checks, November 30, 2021 (P26,140 was paid by bank in December) Checks written and recorded in December; not included in the checks returned with the December bank statement Deposit in transit, November 30, 2021 Deposit in transit, December 31, 2021 A bank credit memo was issued in December to correct an erroneous charge made in November Note collected by bank in December (company was not informed of the collection) P637,860 576,420 306,220 P685,180 637,220 356,080 A check for P2,020 (payable to a supplier) was recorded in the check register journal in December as P3,000 A check for P2,240 was charged by the bank as P2,420 in December Mixture issued a stop payment order to the bank in December. This pertains to a check written in December which was not received by the payee. A new check was written and recorded in the check register journal in December. The old check was written off by a journal entry also in December. Bank service charge, November 30, 2021 64,140 36,080 15,260 16,140 1,500 2,060 980 180 780 60 5. What is the total unadjusted book disbursements in December? 6. What is the total unadjusted bank receipts in December?_ 7. What is the total outstanding checks on December 31?_ 8. What is the adjusted bank balance on November 30? 9. What is the adjusted bank disbursements in December? 10. What is adjusted book balance on December 31?_
Transcribed Image Text:Problem 2 Mixture Laboratories has a current account in BDO. The company's account reveals the following: Balances taken from the company's general ledger: Cash balance, November 30, 2021 Cash balance, December 31, 2021 Receipts, December 1 to 31, 2021 Balances taken from the December bank statement: Bank balance, November 30, 2021 Bank balance, December 31, 2021 Disbursements (debits) Outstanding checks, November 30, 2021 (P26,140 was paid by bank in December) Checks written and recorded in December; not included in the checks returned with the December bank statement Deposit in transit, November 30, 2021 Deposit in transit, December 31, 2021 A bank credit memo was issued in December to correct an erroneous charge made in November Note collected by bank in December (company was not informed of the collection) P637,860 576,420 306,220 P685,180 637,220 356,080 A check for P2,020 (payable to a supplier) was recorded in the check register journal in December as P3,000 A check for P2,240 was charged by the bank as P2,420 in December Mixture issued a stop payment order to the bank in December. This pertains to a check written in December which was not received by the payee. A new check was written and recorded in the check register journal in December. The old check was written off by a journal entry also in December. Bank service charge, November 30, 2021 64,140 36,080 15,260 16,140 1,500 2,060 980 180 780 60 5. What is the total unadjusted book disbursements in December? 6. What is the total unadjusted bank receipts in December?_ 7. What is the total outstanding checks on December 31?_ 8. What is the adjusted bank balance on November 30? 9. What is the adjusted bank disbursements in December? 10. What is adjusted book balance on December 31?_
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