SPECIAL AWARD CORP. is preparing its March 31, 2021 bank reconciliation. The following data are available From the February 28, 2021 bank reconciliation: Deposit in transit, P1,700 Outstanding checks, P3,900 March data: Per Bank Statement Per General Ledger Balance, February 28 P74,140 P71,940 March deposits reflected 47,600 49,000 March checks reflected (61,700) (61,000) Note collected 20,000 Service charge (120) Balance, March 31 P79.920 P59.940

SPECIAL AWARD CORP. is preparing its March 31, 2021 bank reconciliation. The following data are available From the February 28, 2021 bank reconciliation: Deposit in transit, P1,700 Outstanding checks, P3,900 March data: Per Bank Statement Per General Ledger Balance, February 28 P74,140 P71,940 March deposits reflected 47,600 49,000 March checks reflected (61,700) (61,000) Note collected 20,000 Service charge (120) Balance, March 31 P79.920 P59.940

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...

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Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance: $5,577 Deposits in transit: $1,546 Outstanding checks: $956 Interest income: $56 NSF check: $456
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