The cash receipts and cash payments of Detuya Company for April 2020 follow:CASH RECEIPTSCASH PAYMENTSCash DebitCheck No.Cash CreditP 44,5507,35096,50033,20073,600DateApr. 28P 208,70020,35027,950109,35092,700411341141041151641162241172953,00016,850411850,00031,60083,7505,000120,650304119412041214122Detuya Company received the following bank statement on April 30, 2020:BANK STATEMENTApril 2020P 95,550Beginning balanceAdd: Deposits and other credits:Apr. 1P 16,300 Electronic fund transfer208,70020,35027,950109,35068,400 Bank collection92,7004912172223543,750Less: Checks and other debits:Apr. 713P 44,55069,50045,150 Unauthorized signature7,35033,20010,950 Electronic fund transfer73,60050,0001,000 Service charge14151821263030335,300P 304,000Ending balance The cash account of Detuya Company shows the following information at April 30, 2020:CASHDateApr. 1 BalanceDebitCreditItemRef.BalanceP 95,550624,45078,25030CR 6P 528,90030CP11P546,200Additional data for reconciliation include the following:A. The electronic fund transfer deposit was a receipt of monthly rent. The electronic fundtransfer debit was a monthly insurance payment.B. The unauthorized signature check was received from Lester Soon.C. The P68,400 bank collection of a note receivable on April 22 included P9,250 interestrevenue.D. The correct amount of Check No. 4115, a payment on account, is P69,500. Detuya'saccountant mistakenly recorded the check for P96,500.Based on the above, answer the following questions:18. What is the amount of deposits in transit on April 30?19. What is the amount of outstanding checks on April 30?20. What is the amount of deposits acknowledged by the bank in April?21. What is the amount of bank disbursements in April?22. What is the correct cash balance as of April 30?

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The cash account of Detuya Company shows the following information at April 30, 2020: Item CASH Ref. Debit Credit Balance P 95,550 624,450 78,250 Date Apr. 1 Balance 30 CR 6 CP11 P 528,900 30 P546,200 Additional data for reconciliation include the following: A. The electronic fund transfer deposit was a receipt of monthly rent. The electronic fund transfer debit was a monthly insurance payment. B. The unauthorized signature check was received from Lester Soon. C. The P68,400 bank collection of a note receivable on April 22 included P9,250 interest revenue. D. The correct amount of Check No. 4115, a payment on account, is P69,500. Detuya's accountant mistakenly recorded the check for P96,50o. Based on the above, answer the following questions: 18. What is the amount of deposits in transit on April 30? 19. What is the amount of outstanding checks on April 30? 20. What is the amount of deposits acknowledged by the bank in April?

The cash account of Detuya Company shows the following information at April 30, 2020: Item CASH Ref. Debit Credit Balance P 95,550 624,450 78,250 Date Apr. 1 Balance 30 CR 6 CP11 P 528,900 30 P546,200 Additional data for reconciliation include the following: A. The electronic fund transfer deposit was a receipt of monthly rent. The electronic fund transfer debit was a monthly insurance payment. B. The unauthorized signature check was received from Lester Soon. C. The P68,400 bank collection of a note receivable on April 22 included P9,250 interest revenue. D. The correct amount of Check No. 4115, a payment on account, is P69,500. Detuya's accountant mistakenly recorded the check for P96,50o. Based on the above, answer the following questions: 18. What is the amount of deposits in transit on April 30? 19. What is the amount of outstanding checks on April 30? 20. What is the amount of deposits acknowledged by the bank in April?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...

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