Aqua Company prepared the following bank reconciliation on June 30. Balance per bank 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 adjusted cash in bank on July 31? 9,800,000 400,000 (1,400,000) 8,800,000

Aqua Company prepared the following bank reconciliation on June 30. Balance per bank 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 adjusted cash in bank on July 31? 9,800,000 400,000 (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 $3,322. 2. The cash account balance is $3,424. 3. Outstanding checks amounted to $693. 4. Deposits in transit are $735. 5. The bank service charge is $51. 6. A check for $75 for supplies was recorded as $66 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Add bank service charge Add error in recording check Add outstanding checks Deduct bank service charge Deduct error in recording check Deduct outstanding checks Adjusted balance H CO any's records 11 r 40 -51 -9 3,322 735 -693 $ 3,364 3,424 00 -60 3,364
Using the following information: 1. The bank statement balance is $3,322. 2. The cash account balance is $3,424. 3. Outstanding checks amounted to $693. 4. Deposits in transit are $735. 5. The bank service charge is $51. 6. A check for $75 for supplies was recorded as $66 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Add bank service charge Adjusted balance Cash balance according to company's records Add bank service charge Add bank service charge Add outstanding checks Deduct bank service charge Deduct deposits in transit not recorded by bank Deduct outstanding checks с H 3 $ EII -51 -9 8 3,322 735 -693 3,364 3,424 00 ( -60 3,364 Σ 10 ( (9
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Mazaya Company gathered the following reconciling information in preparing its November bank reconciliation: Cash balance per books (11/30) R.O.4,400; Deposits in transit R.O. 60o; Notes receivable and interest collected by bank R.O.1,400; Bank charge for check printing
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Company developed the following reconciling information and preparing it's April bank recognition: cash balance per bank for 15400, note receivable collected by Bank 8400, outstanding checks 12,600 deposit in transit 6300; bank service charge 150 NSF check 1680; using the above information determine The cash balance per books before adjustment for the company
Provide solution on the following requirements.
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