The adjusted cash balance as at November 30, 2017 isa. P49,178.22b. P49,978.69c. P50,189.60d. P58,578.22 9-21.Bank Reconciliation and Adjusting EntriesPresented below is information related to Powder Inc.Balance per books at October 31ReceiptsDisbursementsBalanceP 41,847.85173,523.91166,193.5456,274.20perbank statement, November 30The following checks were outstanding at November 30.1224P1,635.292,468.303,625.15482.17123012321233 of Cash317Included with the November bank statement and not recorded by thecompany were a bank debit memo for P27.40 covering bank charges forthe month, a debit memo for P572.13 for a customer's check returned andmarked NSF, and a credit memo for P1,400 representing bond interestcollected by the bank in the name of Powder Inc. Cash on hand atNovember 30 recorded and awaiting deposit amounted to P1,915.40.The adjusted cash balance as at November 30, 2017 isa. P49,178.22.b. P50,189.60c. P49,978.69.d. P58,578.22.с.

Bank Reconciliation Statement is prepared in order to identify the reason for not matching the…

9-21. Bank Reconciliation and Adjusting Entries Presented below is information related to Powder Inc. Balance per books at October 31 Receipts Disbursements P 41,847.85 173,523.91 166,193.54 56,274.20 Balance per bank statement, November 30 The following checks were outstanding at November 30. 1224 P1,635.29 2,468.30 3,625.15 482.17 1230 1232 1233

9-21. Bank Reconciliation and Adjusting Entries Presented below is information related to Powder Inc. Balance per books at October 31 Receipts Disbursements P 41,847.85 173,523.91 166,193.54 56,274.20 Balance per bank statement, November 30 The following checks were outstanding at November 30. 1224 P1,635.29 2,468.30 3,625.15 482.17 1230 1232 1233

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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Question

100%

The adjusted cash balance as at November 30, 2017 is

a. P49,178.22

b. P49,978.69

c. P50,189.60

d. P58,578.22

9-21.
Bank Reconciliation and Adjusting Entries
Presented below is information related to Powder Inc.
Balance per books at October 31
Receipts
Disbursements
Balance
P 41,847.85
173,523.91
166,193.54
56,274.20
per
bank statement, November 30
The following checks were outstanding at November 30.
1224
P1,635.29
2,468.30
3,625.15
482.17
1230
1232
1233

of Cash
317
Included with the November bank statement and not recorded by the
company were a bank debit memo for P27.40 covering bank charges for
the month, a debit memo for P572.13 for a customer's check returned and
marked NSF, and a credit memo for P1,400 representing bond interest
collected by the bank in the name of Powder Inc. Cash on hand at
November 30 recorded and awaiting deposit amounted to P1,915.40.
The adjusted cash balance as at November 30, 2017 is
a. P49,178.22.
b. P50,189.60
c. P49,978.69.
d. P58,578.22.
с.

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