Do not give solution in image ABC Co. is preparing its Sept. 30, 2019 bank reconciliation.The following information was determined:a. Balance per bank statement, Sept. 30, 2019 - P180,000Deposit in transit, Sept. 20, 2019 - P32,000b.C.Return of customer's check due to insufficient funds(NSF check), Sept. 30, 2019 - P60,000d. Balance per books Sept, 30, 2019 - P143,000e. Outstanding checks, Sept. 30, 2019 - P27,000f.A collection of P320,000 was recorded in the books asP230,000. The bank statement shows the correctamount of P320,000.g. The bank erroneously credited a P12,000 deposit ofEye Busy Co. to ABC's accountRequirement: Prepare the bank reconciliation

Lets understand the basics. Bank reconciliation statement is a statemnet which tallies balance as…

ABC Co. is preparing its Sept. 30, 2019 bank reconciliation. The following information was determined: a. Balance per bank statement, Sept. 30, 2019 - P180,000 Deposit in transit, Sept. 20, 2019 - P32,000 b. c. Return of customer's check due to insufficient funds (NSF check), Sept. 30, 2019 - P60,000 Balance per books Sept, 30, 2019 - P143,000 Outstanding checks, Sept. 30, 2019 - P27,000 A collection of P320,000 was recorded in the books as P230,000. The bank statement shows the correct amount of P320,000. g. The bank erroneously credited a P12,000 deposit of Eye Busy Co. to ABC's account d. e. f.

ABC Co. is preparing its Sept. 30, 2019 bank reconciliation. The following information was determined: a. Balance per bank statement, Sept. 30, 2019 - P180,000 Deposit in transit, Sept. 20, 2019 - P32,000 b. c. Return of customer's check due to insufficient funds (NSF check), Sept. 30, 2019 - P60,000 Balance per books Sept, 30, 2019 - P143,000 Outstanding checks, Sept. 30, 2019 - P27,000 A collection of P320,000 was recorded in the books as P230,000. The bank statement shows the correct amount of P320,000. g. The bank erroneously credited a P12,000 deposit of Eye Busy Co. to ABC's account d. e. f.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Which one is not an example of input to a mathematical model? a. Uncontrollable or environmental variableb. Answer not givenc. Controllable or decision variabled. Projected result
How do CDOs differ from CMBSs?
Define SML equation
Describe the steps taken to Switch from the DB method to the SL method?
Explain Replacement-Analysis Fundamentals?
How can forwardrates be used for hedging purposes?
Define GAP Analysis
What is busd What is xrp How they works
Goal Seek is limited to a single parameter. Group of answer choices True False
Provide worded problem about compound interest
Can somebody check if this is right it's a hw problem on cengage?
Define Indirect method