Homework Help is Here – Start Your Trial Now!
Business
Accounting
Balazo Company provided the following data for the month of January: Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but not deposited NSF check received from a customer returned by the 3,130,000 3,500,000 550,000 50,000 650,000 Bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded By depositor A creditor check for P30,000 was incorrectly recorded in the Depositor's book as A customer check for P200,000 was recorded by the Depositor as 5,000 300,000 20,000 The depositor neglected to make an entry in its books for a Check drawn in payment of an account payable 125,000 5. What is the adiusted cash in bank on January 31?

Balazo Company provided the following data for the month of January: Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but not deposited NSF check received from a customer returned by the 3,130,000 3,500,000 550,000 50,000 650,000 Bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded By depositor A creditor check for P30,000 was incorrectly recorded in the Depositor's book as A customer check for P200,000 was recorded by the Depositor as 5,000 300,000 20,000 The depositor neglected to make an entry in its books for a Check drawn in payment of an account payable 125,000 5. What is the adiusted cash in bank on January 31?

College Accounting (Book Only): A Career Approach
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 4PA
See similar textbooks
icon
Related questions
Question
100%
Balazo Company provided the following data for the month of January: Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but not deposited NSF check received from a customer returned by the 3,130,000 3,500,000 550,000 Bank on February 5 with the January bank statement 50,000 650,000 Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded 5,000 By depositor A creditor check for P30,000 was incorrectly recorded in the Depositor's book as A customer check for P200,000 was recorded by the Depositor as 300,000 20,000 The depositor neglected to make an entry in its books for a Check drawn in payment of an account payable 125,000 5. What is the adjusted cash in bank on January 31?
Transcribed Image Text:Balazo Company provided the following data for the month of January: Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but not deposited NSF check received from a customer returned by the 3,130,000 3,500,000 550,000 Bank on February 5 with the January bank statement 50,000 650,000 Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded 5,000 By depositor A creditor check for P30,000 was incorrectly recorded in the Depositor's book as A customer check for P200,000 was recorded by the Depositor as 300,000 20,000 The depositor neglected to make an entry in its books for a Check drawn in payment of an account payable 125,000 5. What is the adjusted cash in bank on January 31?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
SEE MORE TEXTBOOKS