15 -3 Ms. Cherie Eruela opens a bank account with Land Bank Cotabato City branch. On the 15th day of the March 20A, she received a Bank Statement for February which showed the following: Land Bank of the Philippines Cotabato City - Branch Statement of Account For the month of February 20A Deposit Balance P 250,000 210,000 260,000 320,000 290,000 Withdrawal Date 1/31 2/5 2/11 2/15 2/17 2/18 2/19 P 40,000 50,000 60,000 73851 330,000 320,000 317,150 292,150 312,150 292,150 30,000 40,000 73852 10,000 2,850 73854 DM 25,000 20,000 73855 ( 20,000) 2/20 2/22 2/25 NSF 365 Her Chapter 15 General Ledger of Cash In Bank P 250,000 205,000 455,000 P 300,000 Beg. Bal. CRJ P 155,000 CDJ 155,000 Details of Deposits (Cash Receipts Journal) Date Payor Cipriano Magalso O.R. No. Amount 2/11 0073 P 50,000 Cancelled 0074 2/14 2/18 2/22 2/29 Merry Chris Luzada Richard Baligala 0075 60,000 40,000 20,000 35,000 P 205,000 0076 Anecito Gimena 0077 Gina Halangdon 0078 Details of Check Issued (Cash Disbursements Journal) Date Payee Rolando Ibañez Check No. Amount 2/5 2/15 2/15 2/18 2/20 2/26 Raul Langbid 73851 P 40,000 73852 30,000 35,000 Alma Mae Pedrosa 73853 Paulino Pedronio III 73854 10,000 Heginio Lacson Lord Aguilar 73855 25,000 73856 15,000 P 155,000 Note: 1) Bank Debit Memorandum comprises of the following: Service Charge Cost of check charged to depositor 185.00 2,665.00 P 2,850.00 2) The following checks were outstanding: Check No. Amount 73853 P 35,000 15,000 P 50,000 73856 Required: 1) Prepare Bank Reconciliation Statement for the month of February 2OA. 2) Prepare adjusting journal entries to reconcile the book and bank balances.
15 -3 Ms. Cherie Eruela opens a bank account with Land Bank Cotabato City branch. On the 15th day of the March 20A, she received a Bank Statement for February which showed the following: Land Bank of the Philippines Cotabato City - Branch Statement of Account For the month of February 20A Deposit Balance P 250,000 210,000 260,000 320,000 290,000 Withdrawal Date 1/31 2/5 2/11 2/15 2/17 2/18 2/19 P 40,000 50,000 60,000 73851 330,000 320,000 317,150 292,150 312,150 292,150 30,000 40,000 73852 10,000 2,850 73854 DM 25,000 20,000 73855 ( 20,000) 2/20 2/22 2/25 NSF 365 Her Chapter 15 General Ledger of Cash In Bank P 250,000 205,000 455,000 P 300,000 Beg. Bal. CRJ P 155,000 CDJ 155,000 Details of Deposits (Cash Receipts Journal) Date Payor Cipriano Magalso O.R. No. Amount 2/11 0073 P 50,000 Cancelled 0074 2/14 2/18 2/22 2/29 Merry Chris Luzada Richard Baligala 0075 60,000 40,000 20,000 35,000 P 205,000 0076 Anecito Gimena 0077 Gina Halangdon 0078 Details of Check Issued (Cash Disbursements Journal) Date Payee Rolando Ibañez Check No. Amount 2/5 2/15 2/15 2/18 2/20 2/26 Raul Langbid 73851 P 40,000 73852 30,000 35,000 Alma Mae Pedrosa 73853 Paulino Pedronio III 73854 10,000 Heginio Lacson Lord Aguilar 73855 25,000 73856 15,000 P 155,000 Note: 1) Bank Debit Memorandum comprises of the following: Service Charge Cost of check charged to depositor 185.00 2,665.00 P 2,850.00 2) The following checks were outstanding: Check No. Amount 73853 P 35,000 15,000 P 50,000 73856 Required: 1) Prepare Bank Reconciliation Statement for the month of February 2OA. 2) Prepare adjusting journal entries to reconcile the book and bank balances.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Prepare
Transcribed Image Text:15 -3
Ms. Cherie Eruela opens a bank account with Land Bank Cotabato City branch. On the
15th day of the March 20A, she received a Bank Statement for February which showed
the following:
Land Bank of the Philippines
Cotabato City - Branch
Statement of Account
For the month of February 20A
Deposit
Balance
P 250,000
210,000
260,000
320,000
290,000
Withdrawal
Date
1/31
2/5
2/11
2/15
2/17
2/18
2/19
P 40,000
50,000
60,000
73851
330,000
320,000
317,150
292,150
312,150
292,150
30,000
40,000
73852
10,000
2,850
73854
DM
25,000
20,000
73855
( 20,000)
2/20
2/22
2/25
NSF
365
Her
Chapter 15
General Ledger of Cash In Bank
P 250,000
205,000
455,000
P 300,000
Beg. Bal.
CRJ
P 155,000 CDJ
155,000
Details of Deposits (Cash Receipts Journal)
Date
Payor
Cipriano Magalso
O.R. No.
Amount
2/11
0073
P 50,000
Cancelled
0074
2/14
2/18
2/22
2/29
Merry Chris Luzada
Richard Baligala
0075
60,000
40,000
20,000
35,000
P 205,000
0076
Anecito Gimena
0077
Gina Halangdon
0078
Details of Check Issued (Cash Disbursements Journal)
Date
Payee
Rolando Ibañez
Check No.
Amount
2/5
2/15
2/15
2/18
2/20
2/26
Raul Langbid
73851
P 40,000
73852
30,000
35,000
Alma Mae Pedrosa
73853
Paulino Pedronio III
73854
10,000
Heginio Lacson
Lord Aguilar
73855
25,000
73856
15,000
P 155,000
Note:
1) Bank Debit Memorandum comprises of the following:
Service Charge
Cost of check charged to depositor
185.00
2,665.00
P 2,850.00
2) The following checks were outstanding:
Check No.
Amount
73853
P 35,000
15,000
P 50,000
73856
Required:
1) Prepare Bank Reconciliation Statement for the month of February 2OA.
2) Prepare adjusting journal entries to reconcile the book and bank balances.
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