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Sapphire Company provided the following information for the month of December: Balance per bank statement December 31 Bank service charge for December Interest paid by bank to Sapphire Company for December Deposits made but not yet recorded by the bank Checks written but not yet recorded by the bank The entity discovered that it had drawn and erroneously recorded a check of P46,000 that should have been recorded for P64,000. What is the cash balance per ledger on December 31? 2,800,000 12,000 10,000 350,000 650,000 O A.2,500,000 B.2,520,000 O C.2,540,000 D.2,800,000

Sapphire Company provided the following information for the month of December: Balance per bank statement December 31 Bank service charge for December Interest paid by bank to Sapphire Company for December Deposits made but not yet recorded by the bank Checks written but not yet recorded by the bank The entity discovered that it had drawn and erroneously recorded a check of P46,000 that should have been recorded for P64,000. What is the cash balance per ledger on December 31? 2,800,000 12,000 10,000 350,000 650,000 O A.2,500,000 B.2,520,000 O C.2,540,000 D.2,800,000

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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Sapphire Company provided the following information for the month of December: Balance per bank statement December 31 Bank service charge for December Interest paid by bank to Sapphire Company for December Deposits made but not yet recorded by the bank Checks written but not yet recorded by the bank The entity discovered that it had drawn and erroneously recorded a check of P46,000 that should have been recorded for P64,000. 2,800,000 12,000 10,000 350,000 650,000 What is the cash balance per ledger on December 31? A.2,500,000 B.2,520,000 C.2,540,000 D.2,800,000 O O O
Transcribed Image Text:Sapphire Company provided the following information for the month of December: Balance per bank statement December 31 Bank service charge for December Interest paid by bank to Sapphire Company for December Deposits made but not yet recorded by the bank Checks written but not yet recorded by the bank The entity discovered that it had drawn and erroneously recorded a check of P46,000 that should have been recorded for P64,000. 2,800,000 12,000 10,000 350,000 650,000 What is the cash balance per ledger on December 31? A.2,500,000 B.2,520,000 C.2,540,000 D.2,800,000 O O O
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