Balazo Company provided the following data for the month of January: Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but not deposited NSF check received from a customer returned by the 3,130,000 3,500,000 550,000 50,000 650,000 Bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded By depositor A creditor check for P30,000 was incorrectly recorded in the Depositor's book as A customer check for P200,000 was recorded by the Depositor as 5,000 300,000 20,000 The depositor neglected to make an entry in its books for a Check drawn in payment of an account payable 125,000 5. What is the adiusted cash in bank on January 31?

Balazo Company provided the following data for the month of January: Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but not deposited NSF check received from a customer returned by the 3,130,000 3,500,000 550,000 50,000 650,000 Bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded By depositor A creditor check for P30,000 was incorrectly recorded in the Depositor's book as A customer check for P200,000 was recorded by the Depositor as 5,000 300,000 20,000 The depositor neglected to make an entry in its books for a Check drawn in payment of an account payable 125,000 5. What is the adiusted cash in bank on January 31?

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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