The accountant of AA Company gathered the following information: The November 30 bank statement balance included the bank service charges of P2,000. The November 30 cash balance in ledger was P244,500. On November 30, outstanding checks were P63,000 while undeposited collections were P36,000. The December bank service charges as shown in the bank statement was P3,000. The December 31 cash balance in the general ledger was P319,750 in which P405,500 are for checks written during December. In transit to the bank at December 31 were receipts of P28,750. and checks of P60,500 written in December had not yet cleared the bank. How much is the adjusted disbursement per book for the month of December?
The accountant of AA Company gathered the following information: The November 30 bank statement balance included the bank service charges of P2,000. The November 30 cash balance in ledger was P244,500. On November 30, outstanding checks were P63,000 while undeposited collections were P36,000. The December bank service charges as shown in the bank statement was P3,000. The December 31 cash balance in the general ledger was P319,750 in which P405,500 are for checks written during December. In transit to the bank at December 31 were receipts of P28,750. and checks of P60,500 written in December had not yet cleared the bank. How much is the adjusted disbursement per book for the month of December?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.5.2C
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The accountant of AA Company gathered the following information:
- The November 30 bank statement balance included the bank service charges of P2,000.
- The November 30 cash balance in ledger was P244,500.
- On November 30, outstanding checks were P63,000 while undeposited collections were P36,000.
- The December bank service charges as shown in the bank statement was P3,000.
- The December 31 cash balance in the general ledger was P319,750 in which P405,500 are for checks written during December. In transit to the bank at December 31 were receipts of P28,750. and checks of P60,500 written in December had not yet cleared the bank.
How much is the adjusted disbursement per book for the month of December?
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