The trial balance as of December 31, 2020 of Pets for Your Home has a Cash in bank balance of P120,000. The company received the bank statement for December. Deposit in transit at year-end is P30,000 and outstanding checks totaled P25,000. The bank statement showed a balance of P140,000. The bank erroneously credited
The trial balance as of December 31, 2020 of Pets for Your Home has a Cash in bank balance of P120,000. The company received the bank statement for December. Deposit in transit at year-end is P30,000 and outstanding checks totaled P25,000. The bank statement showed a balance of P140,000. The bank erroneously credited
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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