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Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 2.9C
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21.P315,261.50

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L. Judith Mae Borda Corp. misplaced all the bank statements for the past years. You reviewed the accounting records and discovered that the following journal entries were made to reconcile the June 30, 2012 bank records and accounting records. Accounts receivable 76,012 Miscellaneous expense Notes receivable 625 10,000 Interest revenue 500 Cash 66,137 10 Pre-adjustment cash balance in the accounting records was P 371,023.50, outstanding checks were P 10,375 and no other adjustments were required. What is the balance of the cash account per bank statement as of June 30, 2012? 21.
Transcribed Image Text:L. Judith Mae Borda Corp. misplaced all the bank statements for the past years. You reviewed the accounting records and discovered that the following journal entries were made to reconcile the June 30, 2012 bank records and accounting records. Accounts receivable 76,012 Miscellaneous expense Notes receivable 625 10,000 Interest revenue 500 Cash 66,137 10 Pre-adjustment cash balance in the accounting records was P 371,023.50, outstanding checks were P 10,375 and no other adjustments were required. What is the balance of the cash account per bank statement as of June 30, 2012? 21.
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