Aqua Company prepared the following bank reconciliation on June 30. Balance per bank 9,800,000 Deposit in transit Outstanding checks Balance per book There were total deposits of P6,500,000 and charges for disbursements of P9,000,000 for July per bank statement. All reconciliation items on June 30 cleared the bank on July 31. Deposit in transit totaled P600,000 and checks outstanding amounted to P1,000,000 on July 31. What is the amount of cash disbursements per book in July? 400,000 (1,400,000) 8,800,000

Aqua Company prepared the following bank reconciliation on June 30. Balance per bank 9,800,000 Deposit in transit Outstanding checks Balance per book There were total deposits of P6,500,000 and charges for disbursements of P9,000,000 for July per bank statement. All reconciliation items on June 30 cleared the bank on July 31. Deposit in transit totaled P600,000 and checks outstanding amounted to P1,000,000 on July 31. What is the amount of cash disbursements per book in July? 400,000 (1,400,000) 8,800,000

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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Using the following information: 1. The bank statement balance is $3,405. 2. The cash account balance is $3,592. 3. Outstanding checks amounted to $781. 4. Deposits in transit are $841. 5. The bank service charge is $118. 6. A check for $45 for supplies was recorded as $36 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation Abgust 31 Cash balance according to bank statement Adjusted balance Cash balance according to company's records S. Adjusted balance %24
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Using the following information, prepare a bank reconciliation for Cole Co. for May 31 of the current year: (a) The bank statement balance is $3,012. (b) The cash account balance is $3,165. (c) Outstanding checks amounted to $590. (d) Deposits in transit are $704. (e) The bank service charge is $30. (f) A check for $76 for supplies was recorded as $67 in the ledger.
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Using the following information, prepare a bank reconciliation for Sunland Company for July 31, 2022. The bank statement balance is $3,770. The cash account balance is $4,170. Outstanding checks totaled $1,360. a. b. C. d. e. f. Deposits in transit are $1,670. The bank service charge is $54. A check for $95 for supplies was recorded as $59 in the ledger.
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Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $20,400. The bank reconciliation for the period showed an adjustment for a deposit in transit of $2,450, outstanding checks of $3,900, an NSF check of $2,600, bank service charges of $125 and the EFT from a customer in payment of the customer's account of $3,400. What was the cash balance on the Egrane's books (before the adjustments for items on the bank reconciliation)?
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