Homework Help is Here – Start Your Trial Now!
Business
Accounting
Prepare bank reconciliation on October 31 and November 30, and adjusting entries on November 30. * Beehive Company provided the following information: Balance per book October 31 Receipts per book for November (collection from customer, P100,000 recorded as P10,000) Disbursements per book for November (check for P300,000 in payment of account recorded as P30,000) Balance per bank statement November 30 Deposit ín transit October 31 Outstanding checks November 30 Bank receipts for November including an erroneous credit of P100,000 which should have been credited to Beeline Company Bank disbursements for November including check of Beeline Company, P200,000 600,000 2,200,000 1,800,000 930,000 300,000 400,000 2,500,000 1,970,000

Prepare bank reconciliation on October 31 and November 30, and adjusting entries on November 30. * Beehive Company provided the following information: Balance per book October 31 Receipts per book for November (collection from customer, P100,000 recorded as P10,000) Disbursements per book for November (check for P300,000 in payment of account recorded as P30,000) Balance per bank statement November 30 Deposit ín transit October 31 Outstanding checks November 30 Bank receipts for November including an erroneous credit of P100,000 which should have been credited to Beeline Company Bank disbursements for November including check of Beeline Company, P200,000 600,000 2,200,000 1,800,000 930,000 300,000 400,000 2,500,000 1,970,000

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.21E
See similar textbooks
icon
Related questions
Question
Prepare bank reconciliation on October 31 and November 30, and adjusting entries on November 30. Beehive Company provided the following information: Balance per book October 31 Receipts per book for November (collection from customer, P100,000 recorded as P10,000) Disbursements per book for November (check for P300,000 in payment of account recorded as P30,000) Balance per bank statement November 30 Deposit in transit October 31 Outstanding checks November 30 Bank receipts for November including an erroneous credit of P100,000 which should have been credited to Beeline Company Bank disbursements for November including check of Beeline Company, P200,000 600,000 2,200,000 1,800,000 930,000 300,000 400,000 2,500,000 1,970,000 Your answer
Transcribed Image Text:Prepare bank reconciliation on October 31 and November 30, and adjusting entries on November 30. Beehive Company provided the following information: Balance per book October 31 Receipts per book for November (collection from customer, P100,000 recorded as P10,000) Disbursements per book for November (check for P300,000 in payment of account recorded as P30,000) Balance per bank statement November 30 Deposit in transit October 31 Outstanding checks November 30 Bank receipts for November including an erroneous credit of P100,000 which should have been credited to Beeline Company Bank disbursements for November including check of Beeline Company, P200,000 600,000 2,200,000 1,800,000 930,000 300,000 400,000 2,500,000 1,970,000 Your answer
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
SEE MORE TEXTBOOKS