The related data of Damita Jo Company: The bank service charge for April P7,000 Check deposit by the entity during April was not collectible and has been marked "NSF" by the bank and returned 19,500 Deposits made but not yet recorded by the bank 186,000 Checks are written and mailed but not yet recorded by the bank 120,800 The entity found a customer check for P15,900 payable to the entity that had not yet been deposited and had not been recorded. The general ledger showed a bank account balance of P556,800. The bank statement showed a balance of P495,000. How much is the adjusted cash balance?
The related data of Damita Jo Company: The bank service charge for April P7,000 Check deposit by the entity during April was not collectible and has been marked "NSF" by the bank and returned 19,500 Deposits made but not yet recorded by the bank 186,000 Checks are written and mailed but not yet recorded by the bank 120,800 The entity found a customer check for P15,900 payable to the entity that had not yet been deposited and had not been recorded. The general ledger showed a bank account balance of P556,800. The bank statement showed a balance of P495,000. How much is the adjusted cash balance?
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 4PB
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The related data of Damita Jo Company:
The bank service charge for April P7,000
Check deposit by the entity during April was not collectible
and has been marked "NSF" by the bank and returned 19,500
Deposits made but not yet recorded by the bank 186,000
Checks are written and mailed but not yet recorded
by the bank 120,800
The entity found a customer check for P15,900 payable to the entity that had not yet been deposited and had not been recorded.
The general ledger showed a bank account balance of P556,800.
The bank statement showed a balance of P495,000.
How much is the adjusted cash balance?
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