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: 1. Cash in bank, January 31
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: 1. Cash in bank, January 31
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 21CE: Cornerstone Exercise 4-21 Cash Over and Short On a recent day, Pence Company obtained the following...
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