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Otember 30, 2020: P324,720 Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 items that were outstanding as of September 30 cleared through the bank in October, including the oneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the ount of cash disbursements per books in October 2020? P74,700 27,000

Otember 30, 2020: P324,720 Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 items that were outstanding as of September 30 cleared through the bank in October, including the oneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the ount of cash disbursements per books in October 2020? P74,700 27,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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32. The following bank reconciliation is presented for the Jungkook Company for the month of September 30, 2020: Balance per bank statement, 09/30/2020 P324,720 Add: Deposit in transit P74,700 Erroneous bank charge 27,000 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 All items that were outstanding as of September 30 cleared through the bank in October, including the erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the amount of cash disbursements per books in October 2020?
Transcribed Image Text:32. The following bank reconciliation is presented for the Jungkook Company for the month of September 30, 2020: Balance per bank statement, 09/30/2020 P324,720 Add: Deposit in transit P74,700 Erroneous bank charge 27,000 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 All items that were outstanding as of September 30 cleared through the bank in October, including the erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the amount of cash disbursements per books in October 2020?
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