Balance per book P5,000,000 Deposit in transit P3,000,000 Outstanding check P 850,000 Bank service charge for the month of December P 50,000 Customer's check returned by bank marked NSF P 500,000 Customer's note collected by bank Face, P2,000,000; Interest P200,000; Collection fee, P50,000 P2,150,000 What is the cash balance per bank statement on December 31, 2010?
Balance per book P5,000,000 Deposit in transit P3,000,000 Outstanding check P 850,000 Bank service charge for the month of December P 50,000 Customer's check returned by bank marked NSF P 500,000 Customer's note collected by bank Face, P2,000,000; Interest P200,000; Collection fee, P50,000 P2,150,000 What is the cash balance per bank statement on December 31, 2010?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:l Globe LTE
8:03 PM
@ 17%
umindanao.mrooms.net
2010.
Balance
per
book
P5,000,000
Deposit in transit
P3,000,000
Outstanding check
P
850,000
Bank service charge for the month of
December P
50,000
Customer's check returned by bank marked
NSF P 500,000
Customer's note collected by bank
Face, P2,000,000; Interest P200,000;
Collection fee, P50,000
P2,150,000
What is the cash balance per bank
statement on December 31, 2010?
Answer:
4,450,000
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