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RM Inc. had the following bank reconciliation on August 31, 2021: Balance per bank statement, 8/31 Add: Deposits in transit P5,400,000 600,000 6,000,000 1,350,000 P4,650,000 Less: Outstanding checks Balance per books, 8/31 Data per bank for the month of September 2021 follow: Deposits (including P300,000 note collected for RM) Disbursements (including P210,000 NSF check and P15,000 service charge) P13,500,000 10,500,000 All reconciling items on August 31, 2021 cleared the bank in September. Outstanding checks on September 30 totaled P900,000. There deposits in transit amounted to P1,500,000 on September 30. What is the amount of cash disbursements per book in September?

RM Inc. had the following bank reconciliation on August 31, 2021: Balance per bank statement, 8/31 Add: Deposits in transit P5,400,000 600,000 6,000,000 1,350,000 P4,650,000 Less: Outstanding checks Balance per books, 8/31 Data per bank for the month of September 2021 follow: Deposits (including P300,000 note collected for RM) Disbursements (including P210,000 NSF check and P15,000 service charge) P13,500,000 10,500,000 All reconciling items on August 31, 2021 cleared the bank in September. Outstanding checks on September 30 totaled P900,000. There deposits in transit amounted to P1,500,000 on September 30. What is the amount of cash disbursements per book in September?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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45. What is the amount of cash disbursements per book in September?

CHOICES: 
P9,825,000
P10,275,000
P10,950,000
P10,050,000

 

RM Inc. had the following bank reconciliation on August 31, 2021: Balance per bank statement, 8/31 Add: Deposits in transit P5,400,000 600,000 6,000,000 1,350,000 P4,650,000 Less: Outstanding checks Balance per books, 8/31 Data per bank for the month of September 2021 follow: Deposits (including P300,000 note collected for RM) Disbursements (including P210,000 NSF check and P15,000 service charge) P13,500,000 10,500,000 All reconciling items on August 31, 2021 cleared the bank in September. Outstanding checks on September 30 totaled P900,000. There deposits in transit amounted to P1,500,000 on September 30. What is the amount of cash disbursements per book in September?
Transcribed Image Text:RM Inc. had the following bank reconciliation on August 31, 2021: Balance per bank statement, 8/31 Add: Deposits in transit P5,400,000 600,000 6,000,000 1,350,000 P4,650,000 Less: Outstanding checks Balance per books, 8/31 Data per bank for the month of September 2021 follow: Deposits (including P300,000 note collected for RM) Disbursements (including P210,000 NSF check and P15,000 service charge) P13,500,000 10,500,000 All reconciling items on August 31, 2021 cleared the bank in September. Outstanding checks on September 30 totaled P900,000. There deposits in transit amounted to P1,500,000 on September 30. What is the amount of cash disbursements per book in September?
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