AA Company had a unadjusted cash balance in its cash in BB Bank as of December 31, 2022 of P2,500,000, the following transactions were recorded in this account as of 12/31/2022: . Check payable to AA dated January 3, 2023 was recorded as receipts as of December 31, P145,000. • Check payable to Casio (a supplier) amounting to P210,000 dated December 27, 2022 recorded on 12/27/2022. • Check payable to Grab (a supplier), dated January 2, 2023 was delivered on December 30, 2022 amounting to P120,000. What is the correct balance of cash in BB as of December 31, 2022?
AA Company had a unadjusted cash balance in its cash in BB Bank as of December 31, 2022 of P2,500,000, the following transactions were recorded in this account as of 12/31/2022: . Check payable to AA dated January 3, 2023 was recorded as receipts as of December 31, P145,000. • Check payable to Casio (a supplier) amounting to P210,000 dated December 27, 2022 recorded on 12/27/2022. • Check payable to Grab (a supplier), dated January 2, 2023 was delivered on December 30, 2022 amounting to P120,000. What is the correct balance of cash in BB as of December 31, 2022?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 19E
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AA Company had a unadjusted cash balance in its cash in BB Bank as of December 31, 2022 of P2,500,000, the following transactions were recorded in this account as of 12/31/2022:
. Check payable to AA dated January 3, 2023 was recorded as receipts as of
December 31, P145,000.
• Check payable to Casio (a supplier) amounting to P210,000 dated December 27,
2022 recorded on 12/27/2022.
• Check payable to Grab (a supplier), dated January 2, 2023 was delivered on December 30, 2022 amounting to P120,000.
What is the correct balance of cash in BB as of December 31, 2022?
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