Data for the company are assembled as follows: Nov 30 December 31 Cash Account Balance P 1,017 P 2,427 Bank statement balance 5353 6891 Undeposited collections 410 644 Checks outstanding 1385 1505 Bank service charges for the month, not shown on the company books 36 30 Bank charges for NSF checks, not shown on the company books 215 412 Collections by bank from the company customers, not shown on the Company books 3612 4,045 Tapes for bank and company cash data offer the following totals: Deposit and credit memos per bank statement, P 12,455 Cancelled checks and debit memos per bank statement, P 10,917 Cash receipts per cash book P 8,644 Checks written per cash book P 10,595 How much is the adjusted Cash Balance on November
Data for the company are assembled as follows: Nov 30 December 31 Cash Account Balance P 1,017 P 2,427 Bank statement balance 5353 6891 Undeposited collections 410 644 Checks outstanding 1385 1505 Bank service charges for the month, not shown on the company books 36 30 Bank charges for NSF checks, not shown on the company books 215 412 Collections by bank from the company customers, not shown on the Company books 3612 4,045 Tapes for bank and company cash data offer the following totals: Deposit and credit memos per bank statement, P 12,455 Cancelled checks and debit memos per bank statement, P 10,917 Cash receipts per cash book P 8,644 Checks written per cash book P 10,595 How much is the adjusted Cash Balance on November
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 5E
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Question
Data for the company are assembled as follows:
|
Nov 30 |
December 31 |
Cash Account Balance |
P 1,017 |
P 2,427 |
Bank statement balance |
5353 |
6891 |
Undeposited collections |
410 |
644 |
Checks outstanding |
1385 |
1505 |
Bank service charges for the month, not shown on the company books |
36 |
30 |
Bank charges for NSF checks, not shown on the company books |
215 |
412 |
Collections by bank from the company customers, not shown on the Company books |
3612 |
4,045 |
Tapes for bank and company cash data offer the following totals:
Deposit and credit memos per bank statement, P 12,455
Cancelled checks and debit memos per bank statement, P 10,917
Cash receipts per
Checks written per cash book P 10,595
How much is the adjusted Cash Balance on November 30?
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