Problem 9 JEPOY Corporation is in the process of preparing its bank reconciliation for the month of February 2021. The company accountant discovered the following: Cash in bank balance P???????? Checks paid and recorded during the month Number 1001 5,0001002 6,0001003 7,0001004 8,000 Actual deposits made during the month 15,000 Deposits erroneously recorded twice 2,800 Unrecorded disbursements during the month 25,700 The analysis of the bank statement revealed the following: Bank balance P120,000 The following checks cleared with the bank 999 2,5001001 5,0001004 8,000 The bank deducted the following Notes payable payment 16,000Bank service charges 800 The bank credited the following Cash deposits from Jepoy 10,000Loan proceeds 7,000Interest Income 300 How much is the adjusted balance per bank?
Problem 9
JEPOY Corporation is in the process of preparing its bank reconciliation for the month of February 2021. The company accountant discovered the following:
Cash in bank balance P????????
Checks paid and recorded during the month
Number 1001 5,000
1002 6,000
1003 7,000
1004 8,000
Actual deposits made during the month 15,000
Deposits erroneously recorded twice 2,800
Unrecorded disbursements during the month 25,700
The analysis of the bank statement revealed the following:
Bank balance P120,000
The following checks cleared with the bank
999 2,500
1001 5,000
1004 8,000
The bank deducted the following
Notes payable payment 16,000
Bank service charges 800
The bank credited the following
Cash deposits from Jepoy 10,000
Loan proceeds 7,000
Interest Income 300
How much is the adjusted balance per bank?
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