The cash receipts and cash payments of Detuya Company for April 2020 follow:CASH RECEIPTSCash DebitP 208,70020,35027,950109,35092,70053,00016,850CASH PAYMENTSCheck No.4113Cash CreditP 44,5507,35096,50033,20073,600DateApr. 28411410411516411622411729411850,00031,60083,7505,000120,650304119412041214122Detuya Company received the following bank statement on April 30, 2020:BANK STATEMENTApril 2020P 95,550Beginning balanceAdd: Deposits and other credits:Apr. 1P 16,300 Electronic fund transfer208,70020,35027,950109,35068,400 Bank collection91217222392,700543,750Less: Checks and other debits:P 44,55069,50045,150 Unauthorized signature7,35033,20010,950 Electronic fund transfer73,600Apr. 71314151821263050,000301,000 Service charge335,300P 304,000Ending balance The cash account of Detuya Company shows the following information at April 30, 2020:CASHDateDebitBalanceP 95,550ItemRef.CreditApr.1Balance30CR 6P 528,900624,45078,25030CP11P546,200Additional data for reconciliation include the following:A. The electronic fund transfer deposit was a receipt of monthly rent. The electronic fundtransfer debit was a monthly insurance payment.B. The unauthorized signature check was received from Lester Soon.C. The P68,400 bank collection of a note receivable on April 22 included P9,250 interestrevenue.D. The correct amount of Check No. 4115, a payment on account, is P69,500. Detuya'saccountant mistakenly recorded the check for P96,50o.Based on the above, answer the following questions:18. What is the amount of deposits in transit on April 30?19. What is the amount of outstanding checks on April 30?20. What is the amount of deposits acknowledged by the bank in April?21. What is the amount of bank disbursements in April?22. What is the correct cash balance as of April 30?

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Based on the above, answer the following questions: 18. What is the amount of deposits in transit on April 30? 19. What is the amount of outstanding checks on April 30? 20. What is the amount of deposits acknowledged by the bank in April?

Based on the above, answer the following questions: 18. What is the amount of deposits in transit on April 30? 19. What is the amount of outstanding checks on April 30? 20. What is the amount of deposits acknowledged by the bank in April?

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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Hh1.