An examination of the records of St. Isidore Company's for the month ofDecember included the following information:Bank statement December 31 balance1,500,000Bank service charge for DecemberInterest paid by bank to St. Isidore Company for DecemberCheck issued to a supplier withdrawn from the bank at P35,000but recorded as P53,000 for a difference of10,00015,00018,000Deposits made but not yet recorded by the bankDeposit of San Isidro credited by the bank to St. Isidore's accountChecks written and mailed but not yet recorded by the bank150,00040,000350,000Petty cash fund10,000What is the cash in bank balance per ledger on December 31?A. 1,237,000B. 1,260,000C. 1,273,000D. 1,500,000

An examination of the records of St. Isidore Company's for the month of December included the following information: Bank statement December 31 balance 1,500,000 10,000 15,000 Bank service charge for December Interest paid by bank to St. Isidore Company for December Check issued to a supplier withdrawn from the bank at P35,000 but recorded as P53,000 for a difference of Deposits made but not yet recorded by the bank Deposit of San Isidro credited by the bank to St. Isidore's account Checks written and mailed but not yet recorded by the bank 18,000 150,000 40,000 350,000 Petty cash fund 10,000 What is the cash in bank balance per ledger on December 31? O A. 1,237,000 О в. 1,260,000 C. 1,273,000 O D. 1,500,000

An examination of the records of St. Isidore Company's for the month of December included the following information: Bank statement December 31 balance 1,500,000 10,000 15,000 Bank service charge for December Interest paid by bank to St. Isidore Company for December Check issued to a supplier withdrawn from the bank at P35,000 but recorded as P53,000 for a difference of Deposits made but not yet recorded by the bank Deposit of San Isidro credited by the bank to St. Isidore's account Checks written and mailed but not yet recorded by the bank 18,000 150,000 40,000 350,000 Petty cash fund 10,000 What is the cash in bank balance per ledger on December 31? O A. 1,237,000 О в. 1,260,000 C. 1,273,000 O D. 1,500,000

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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