This reconciliation dated November 30,2020 is for Angel Company: Balance per bank Deposit in transit Bank service charge 800,000 100,000 10,000 (200,000) 710,000 Outstanding checks Balance per book There were total deposits of P400,000 and charges for disbursements of P300,000 for December 2020 per bank statement. All reconciliation items as at November 30 cleared the bank on December 31. Checks outstanding amounted to P100,000 on December 31. How much was the cash disbursement per book for December 2020? A. 190,000 B. 200,000 C. 210,000 O D. 300,000
This reconciliation dated November 30,2020 is for Angel Company: Balance per bank Deposit in transit Bank service charge 800,000 100,000 10,000 (200,000) 710,000 Outstanding checks Balance per book There were total deposits of P400,000 and charges for disbursements of P300,000 for December 2020 per bank statement. All reconciliation items as at November 30 cleared the bank on December 31. Checks outstanding amounted to P100,000 on December 31. How much was the cash disbursement per book for December 2020? A. 190,000 B. 200,000 C. 210,000 O D. 300,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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