........... ... ....... .................... 1. The cash account of Bain Company on February 28,2020, follows(CR stands for cash receipts journal, CD stands for cash disbursements journal). Cash Feb. 1 Balance P 4,195 Feb. 3 CD 5 400 6 CR 14 800 12 CD 5 3,100 15 CR 15 1,800 19 CD 6 1,100 23 CR 15 900 25 CD 6 500 28 CR 15 2,400 27 CD 6 900 Feb.28 Balance 4,095 2. Bain Company receives this bank statement on February 28,2020 (negative amounts appear in parenthesis): Bank statement for February 2020 Beginning balance. „P 4,195 .....*.... .....*.** Deposits: Feb. 7. P 800 ....... ...................... 15 1,800 24 900 3,500 Check (total per day): Feb. 8 P 400 ....... .... . 3,100 22 1100 (4600)

........... ... ....... .................... 1. The cash account of Bain Company on February 28,2020, follows(CR stands for cash receipts journal, CD stands for cash disbursements journal). Cash Feb. 1 Balance P 4,195 Feb. 3 CD 5 400 6 CR 14 800 12 CD 5 3,100 15 CR 15 1,800 19 CD 6 1,100 23 CR 15 900 25 CD 6 500 28 CR 15 2,400 27 CD 6 900 Feb.28 Balance 4,095 2. Bain Company receives this bank statement on February 28,2020 (negative amounts appear in parenthesis): Bank statement for February 2020 Beginning balance. „P 4,195 ......... ......** Deposits: Feb. 7. P 800 ....... ...................... 15 1,800 24 900 3,500 Check (total per day): Feb. 8 P 400 ....... .... . 3,100 22 1100 (4600)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Topic: Cash and Cash Equivalents / Intermediate Accounting 1
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Question Prepare the updated cash book for the month of April 2021.
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