The following information was included in the bank reconciliation for EEE Company for October and November 2020: Checks and charges recorded by bank in November, including a November service charge of P10,000 and NSF check of P50,000 1,375,000 Service charge made by in October and recorded by depositor in November 5,000 1,550,000 Total credits to cash in all journals during November Customer's NSF check returned in October and redeposited in November (no entry made by depositor in either October or November) 100,000 575,000 Outstanding checks on October 31,2020 that cleared in November 5. What is the total amount of outstanding checks on November 30,2020?
The following information was included in the bank reconciliation for EEE Company for October and November 2020: Checks and charges recorded by bank in November, including a November service charge of P10,000 and NSF check of P50,000 1,375,000 Service charge made by in October and recorded by depositor in November 5,000 1,550,000 Total credits to cash in all journals during November Customer's NSF check returned in October and redeposited in November (no entry made by depositor in either October or November) 100,000 575,000 Outstanding checks on October 31,2020 that cleared in November 5. What is the total amount of outstanding checks on November 30,2020?
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 18RQSC
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