These data were obtained from the records of St. Peter Co.: • Balance per cash account on June 30, P6,620. • Balance per bank statement on June 30, P6,800. • Deposits not reflected on bank statement, P320. • Outstanding checks on June 30, P1,200. • Service charges not recorded in books, P50. • Checks for accounts payable, P800, incorrectly recorded in books as P300. • Check of St. Pedro Company charged against St. Peter's account, P150. The correct cash balance amounts to O A. 7,070 О В. 6,620 О С. 6,070 O D. 5,770

These data were obtained from the records of St. Peter Co.: • Balance per cash account on June 30, P6,620. • Balance per bank statement on June 30, P6,800. • Deposits not reflected on bank statement, P320. • Outstanding checks on June 30, P1,200. • Service charges not recorded in books, P50. • Checks for accounts payable, P800, incorrectly recorded in books as P300. • Check of St. Pedro Company charged against St. Peter's account, P150. The correct cash balance amounts to O A. 7,070 О В. 6,620 О С. 6,070 O D. 5,770

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...

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