Taekook Company's check register shows the following entries for the month of December:DescriptionBeginning balanceDate12/01/202112/05/2021 Deposit12/07/202112/11/202112/26/2021 Deposit12/29/2021 | Check # 14346ChecksDepositsBalanceP89,300P65,000154,300Check # 14344P32,50014,000121,800Check # 14345107,80049,000156,800148,2008,600Taekook's bank reconciliation for November revealed one outstanding check (No. 14343) for P12,000 (written onNovember 28), and one deposit in transit for P5,550 (made on November 29).Description12/01/2021 Beginning balanceDepositCheck No. 14344DepositCheck No. 14345Loan proceedsNSF checkService chargeInterestHow much is the adjusted cash balance on November 30, 2021?DateChecksDepositsBalanceP95,75012/01/202112/04/202112/05/202112/14/2021P5,550101,30068,800124,800P32,50056,00014,00012/15/202112/20/202112/29/2021110,800610,800603.200602,200605,800500,0007,6001,00012/31/20213,600

The bank reconciliation statement is prepared to estimate the net cash inflow or outflow from the…

nekook Company's check register shows the following entries for the month of December: Description Beginning balance Deposit Check # 14344 Check # 14345 Deposit Check # 14346 Deposits Balance P89,300 154,300 121,800 107,800 Date Checks 12/01/2021 12/05/2021 P65,000 12/07/2021 12/11/2021 12/26/2021 12/29/2021 P32,500 14,000 49,000 156,800 8,600 148,200 aekook's bank reconciliation for November revealed one outstanding check (No. 14343) for P12,000 (writter ovember 28), and one deposit in transit for P5,550 (made on November 29). Deposits Date 12/01/2021 | Beginning balance 12/01/2021 Deposit 12/04/2021 12/05/2021 12/14/2021 Description Checks Balance P95,750 101,300 68,800 P5,550 Check No. 14344 P32,500 56,000 Deposit Check No. 14345 124,800 14,000 110,800 610,800 Loan proceeds 12/20/2021 NSF check Service charge Interest ow much is the adjusted cash balance on November 30, 2021? 12/15/2021 500,000 7,600 603,200 12/29/2021 1,000 602,200 12/31/2021 3,600 605,800

nekook Company's check register shows the following entries for the month of December: Description Beginning balance Deposit Check # 14344 Check # 14345 Deposit Check # 14346 Deposits Balance P89,300 154,300 121,800 107,800 Date Checks 12/01/2021 12/05/2021 P65,000 12/07/2021 12/11/2021 12/26/2021 12/29/2021 P32,500 14,000 49,000 156,800 8,600 148,200 aekook's bank reconciliation for November revealed one outstanding check (No. 14343) for P12,000 (writter ovember 28), and one deposit in transit for P5,550 (made on November 29). Deposits Date 12/01/2021 | Beginning balance 12/01/2021 Deposit 12/04/2021 12/05/2021 12/14/2021 Description Checks Balance P95,750 101,300 68,800 P5,550 Check No. 14344 P32,500 56,000 Deposit Check No. 14345 124,800 14,000 110,800 610,800 Loan proceeds 12/20/2021 NSF check Service charge Interest ow much is the adjusted cash balance on November 30, 2021? 12/15/2021 500,000 7,600 603,200 12/29/2021 1,000 602,200 12/31/2021 3,600 605,800

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section: Chapter Questions

Problem 1AP

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The Metrobank current account of Khaki Company has a balance of P290,200 at December 31, 2021. Included among the checks drawn by Kakhi Company against the Metrobank current account and recorded in December 2021 are the following:*Check No. 1112 written and dated December 22, 2021 and delivered to payee on January 3, 2022 - P25,000*Check No. 1119 written December 26, 2021 but dated January 30, 2022 and delivered to payee on December 28, 2021 - P43,000What is the correct amount of Metrobank current account balance included in Khaki Company's Cash at December 31, 2021?
Fill out the check register that follows with this information for August 2019: LU 4-1(1) Aug 7 Check No. 959 AT &T $143.50 15 Check No. 960 Staples 66.10 19 Deposit 800.00 20 Check No. 961 West Electric 451.88 24 Check No. 962 Bank of America 319.24 29 Deposit 400.30
Merry Company's checkbook balance at December 31, 2021 was P190,000. In addition, Merry Company held the following items in its safe on that date.*Check payable to Merry Company amounting to P65,000 dated January 2, 2022 in payment of a sale made in December 2021, was included in December 31 checkbook balance.*Check payable to Merry Company was deposited on December 15, but returned by the bank on December 22 stamped "DAIF." The check was redeposited by Merry Company on December 27, 2021. No entry was made in the books to record the return and the redeposit of this P20,000 check.*Check drawn on Merry Company's account, payable to a vendor, was dated and recorded on December 28. This check amounting to P15,000, however, was not yet mailed to the payee as of December 31, 2021.What is the correct amount shown as Cash on Merry Company's December 31, 2021 statement of financial position?
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Received Check 1023 for $550 from Natalie Sheehan for the receivable from August; Ref.: CR-0901
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