Approved CAE_BSA BSMA BSAIS BSIA_ACC 124_Sombilon.Aguilar (1).pdf - Foxit ReaderFileHomeCommentFil & SignViewFormProtectShareConnectHelpTell me what you want to do...FindO SnapShotB ClipboardO Fit PageTI T110.51%A LinkFile AttachmentD Fit WidthD Fit VisibleRotate LeftBookmarkLe Image AnnotationHand SelectActualReflowTypewriter HighlightRotate Right| Audio & VideoSizeToolsViewCommentLinksInsertPDF4 WordConvertStartApproved CAE_BSA BS...PDF 2 WordDAIF checks of customers returned by bankError in recording a check in the book. The correct amount as paid bythe bank is P100,000 instead of P200,000 as recorded in the bookThe correct cash balance under current assets on December 31, 2019 is500,000100,000Problem 11The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019.Balance of bank statement1,200,000Outstanding checks, August 31:Number55510,00055,00040,00025,00065,00070,000275,000761UM762763764765Receipts of August 31, deposited September 1The bank statement showed the following charges:a. Service charge for Augustb. NSF check received from a customer5,00085,000The stub for check number 765 and the invoice relating thereto show that it was for P50,000.It was recorded incorrectly in the cash disbursements journal as P70,000. This check was drawnin payment of an account payable. Payment has been stopped on check number 555 which wasdrawn in payment of an account payable. The payee cannot be located. The cash balance perledger on August 31, 2019 isVAD CIIn a Nutshell (ULO 4)1946Activity 6In reconciling the cash balance on December 31,2019 with that shown in the bank balance, RedCompany gathered the following facts:11 4 105 / 328D CDIE II E110.51%AINDANIN

Bank Balance as per Statement 12,00,000 We need to find the cash balance as on 31 august

Problem 11 The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019. 1,200,000 Balance of bank statement Outstanding checks, August 31: 555 761 762 Number 10,000 55,000 UM 40,000 25,000 65,000 70,000 275,000 763 764 765 Receipts of August 31, deposited September 1 The bank statement showed the following charges: a. Service charge for August b. NSF check received from a customer 5,000 85,000 The stub for check number 765 and the invoice relating thereto show that it was for P50,000. It was recorded incorrectly in the cash disbursements journal as P70,000. This check was drawn in payment of an account payable. Payment has been stopped on check number 555 which was drawn in payment of an account payable. The payee cannot be located. The cash balance per ledger on August 31, 2019 is VAD CI AINDAN NI

Problem 11 The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019. 1,200,000 Balance of bank statement Outstanding checks, August 31: 555 761 762 Number 10,000 55,000 UM 40,000 25,000 65,000 70,000 275,000 763 764 765 Receipts of August 31, deposited September 1 The bank statement showed the following charges: a. Service charge for August b. NSF check received from a customer 5,000 85,000 The stub for check number 765 and the invoice relating thereto show that it was for P50,000. It was recorded incorrectly in the cash disbursements journal as P70,000. This check was drawn in payment of an account payable. Payment has been stopped on check number 555 which was drawn in payment of an account payable. The payee cannot be located. The cash balance per ledger on August 31, 2019 is VAD CI AINDAN NI

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.10C

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