Pluto Company maintains a checking account at the City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The August bank statement included the following information: Balance, August 1 Php 750,000 Deposits 2,000,000 Checks processed 1,750,000 Service charge 50,000 NSF check 150,000 Monthly loan payment deducted by bank from account 125,000 Deposits outstanding totaled Php 150,000 and all checks written by the entity were processed by the bank except for check of Php 200,000. A Php 250,000 August deposit from a credit customer was recorded as Php 25,000 debit to cash and credit to accounts receivable. A check correctly recorded by the entity as Php 40,000 disbursement was incorrectly processed by the bank as Php 400,000 disbursement. What is the balance per bank on August 31? Feedback The correct answer is: 675,000 Solutions for the answer?
Pluto Company maintains a checking account at the City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The August bank statement included the following information:
Balance, August 1 Php 750,000
Deposits 2,000,000
Checks processed 1,750,000
Service charge 50,000
NSF check 150,000
Monthly loan payment deducted by bank from account 125,000
Deposits outstanding totaled Php 150,000 and all checks written by the entity were processed by the bank except for check of Php 200,000.
A Php 250,000 August deposit from a credit customer was recorded as Php 25,000 debit to cash and credit to
A check correctly recorded by the entity as Php 40,000 disbursement was incorrectly processed by the bank as Php 400,000 disbursement.
What is the balance per bank on August 31?
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