6) Bayani Corp has the following information relating to cash at December 31, 2011:Bank statement balance2,500,0002,600,000700,000200,000Checkbook balanceDeposits in transitOutstanding checksBayani's December 31, 2011 Balance Sheet should report cash as:A. 3,400,000B. 3,500,000C. 3,100,000D. 3,000,000

The adjustments of deposits in transit and outstanding checks are adjusted to the bank statement…

6) Bayani Corp has the following information relating to cash at December 31, 2011: Bank statement balance 2,500,000 2,600,000 700,000 Checkbook balance Deposits in transit Outstanding checks 200,000 Bayani's December 31, 2011 Balance Sheet should report cash as: A. 3,400,000 B. 3,500,000 C. 3,100,000 D. 3,000,000

6) Bayani Corp has the following information relating to cash at December 31, 2011: Bank statement balance 2,500,000 2,600,000 700,000 Checkbook balance Deposits in transit Outstanding checks 200,000 Bayani's December 31, 2011 Balance Sheet should report cash as: A. 3,400,000 B. 3,500,000 C. 3,100,000 D. 3,000,000

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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