Sternum Company's bank statement for the month of March included the following information: Ending balance, March 31 - P 28,046 Bank service charge for March - 130 Interest paid by bank to Sternum for March - 107 In company the bank statement to its own cash records, Sternum found the following: Deposits made but not yet recorded by the bank - P 3,689 Checks written and mailed but not yet recorded by the bank - 6,530 In addition, Sternum discovered that it had erroneously recorded a check for P46 that should hve been recorded for P64. What is Sternum's correct Cash balance at March 31? a. P 25,205 b. P 28,046 c. P 28,069 d. P 28,406
Sternum Company's bank statement for the month of March included the following information: Ending balance, March 31 - P 28,046 Bank service charge for March - 130 Interest paid by bank to Sternum for March - 107 In company the bank statement to its own cash records, Sternum found the following: Deposits made but not yet recorded by the bank - P 3,689 Checks written and mailed but not yet recorded by the bank - 6,530 In addition, Sternum discovered that it had erroneously recorded a check for P46 that should hve been recorded for P64. What is Sternum's correct Cash balance at March 31? a. P 25,205 b. P 28,046 c. P 28,069 d. P 28,406
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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Sternum Company's bank statement for the month of March included the following information:
Ending balance, March 31 - P 28,046
Bank service charge for March - 130
Interest paid by bank to Sternum for March - 107
In company the bank statement to its own cash records, Sternum found the following:
Deposits made but not yet recorded by the bank - P 3,689
Checks written and mailed but not yet recorded by the bank - 6,530
In addition, Sternum discovered that it had erroneously recorded a check for P46 that should hve been recorded for P64. What is Sternum's correct Cash balance at March 31?
a. P 25,205
b. P 28,046
c. P 28,069
d. P 28,406
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