Problem 5 Basics of Proof of Cash Data regarding the cash in bank for the current year of Launch Attack Company follow: Jan.31 Feb.28 Cash per Ledger 250,000 290,000 Cash receipts for February 300,000 Unadjusted bank statement 248,100 282,400 Bank Disbursements 269,600 46 Overstatement of customer's checks per books 4,000 3,000 Overstatement of company's checks per books 300 900 Erroneous bank credit 5,000 4,000 Erroneous bank charge 3,200 9,500 Required: Compute for the adjusted balance of the following:

Problem 5 Basics of Proof of Cash Data regarding the cash in bank for the current year of Launch Attack Company follow: Jan.31 Feb.28 Cash per Ledger 250,000 290,000 Cash receipts for February 300,000 Unadjusted bank statement 248,100 282,400 Bank Disbursements 269,600 46 Overstatement of customer's checks per books 4,000 3,000 Overstatement of company's checks per books 300 900 Erroneous bank credit 5,000 4,000 Erroneous bank charge 3,200 9,500 Required: Compute for the adjusted balance of the following:

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 47E

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