Anthony Company had the following bank reconciliation on March 31 of the current year: Balance per bank statement, March 31 4,650,000 Deposits in transit 1,000,000 Total 5,650,000 Outstanding checks 1,250,000 Balance per book, March 31 4,400,000 Data per bank statement for the month of April follow: Deposits 6,000,000 Disbursements 5,000,000 All reconciliation items on March 31 cleared through the bank in April. Outstanding checks on April 30 totaled P750,000 and deposits in transit amounted to P1,500,000. The amount of cash receipts per book in April 30 is __________.
Anthony Company had the following bank reconciliation on March 31 of the current year: Balance per bank statement, March 31 4,650,000 Deposits in transit 1,000,000 Total 5,650,000 Outstanding checks 1,250,000 Balance per book, March 31 4,400,000 Data per bank statement for the month of April follow: Deposits 6,000,000 Disbursements 5,000,000 All reconciliation items on March 31 cleared through the bank in April. Outstanding checks on April 30 totaled P750,000 and deposits in transit amounted to P1,500,000. The amount of cash receipts per book in April 30 is __________.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Anthony Company had the following bank reconciliation on March 31 of the current year:
Balance per bank statement, March 31 4,650,000
Deposits in transit 1,000,000
Total 5,650,000
Outstanding checks 1,250,000
Balance per book, March 31 4,400,000
Data per bank statement for the month of April follow:
Deposits 6,000,000
Disbursements 5,000,000
All reconciliation items on March 31 cleared through the bank in April. Outstanding checks
on April 30 totaled P750,000 and deposits in transit amounted to P1,500,000.
The amount of cash receipts per book in April 30 is __________.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education