Sweden Company provided the following information for the month of December: Balance per bank statement December 31 P1,250,900 Bank service charge for December 5,000 Collection made by the bank in behalf of the entity 25,800 Deposit in transit 575,200 Checks written but not yet recorded by the bank 512,300 The entity discovered that it had drawn and erroneously recorded a check for P123,600 that should have been recorded for P153,600. How much is the cash balance per ledger on December 31, 2021
Sweden Company provided the following information for the month of December:
Balance per bank statement December 31 P1,250,900
Bank service charge for December 5,000
Collection made by the bank in behalf of the entity 25,800
Deposit in transit 575,200
Checks written but not yet recorded by the bank 512,300
The entity discovered that it had drawn and erroneously recorded a check for P123,600 that should have been recorded for P153,600.
How much is the cash balance per ledger on December 31, 2021?
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