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Prepare proof of cash using the adjusted balance method? b. What is the adjusted bank disbursement in December?

Prepare proof of cash using the adjusted balance method? b. What is the adjusted bank disbursement in December?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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a. Prepare proof of cash using the adjusted balance method?
b. What is the adjusted bank disbursement in December?

2. Data for CPA Company are shown below: Nov 30 Dec 31 Cash account balance Php 20,340 Php 48,540 Bank statement balance 107,060 137,820 Deposits in transit Outstanding checks Bank service charges for the month, Not shown on company books 8,200 12,880 27,700 30,100 720 б00 NSF checks returned by bank, not shown on company books Bank collections from company customers, not shown on company books 8,240 80,900 4,300 72,240 Additional information: a. Deposits and credit memos per bank statement b. Canceled checks and debit memos per bank statement Cash receipts per cash book d. Checks written per cash book Php 249,100 218,340 с. 172,880 211,900
Transcribed Image Text:2. Data for CPA Company are shown below: Nov 30 Dec 31 Cash account balance Php 20,340 Php 48,540 Bank statement balance 107,060 137,820 Deposits in transit Outstanding checks Bank service charges for the month, Not shown on company books 8,200 12,880 27,700 30,100 720 б00 NSF checks returned by bank, not shown on company books Bank collections from company customers, not shown on company books 8,240 80,900 4,300 72,240 Additional information: a. Deposits and credit memos per bank statement b. Canceled checks and debit memos per bank statement Cash receipts per cash book d. Checks written per cash book Php 249,100 218,340 с. 172,880 211,900
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