Based on the following reconciling items between the bank balance and the book balance on November 30 of thecurrent year of Rolex Company: • Balance per the bank statement in November 1 showed the amount of P 80,161 • Deposits of P 5,460 made in November 30 were not yot reflected • hecks issued but not yet paid amounted to P 12,148 • Bank collection of P 13,500 was not recorded in the books • Bank service charges for the month amounted to P 1,200 A check deposited in the amount of P 5.000 was marked by the • DAIF (drawn against insufficient fund) • A deposit for P5,400 was erroneously recorded by the bank as P4,500 How much is the balance per book, November 17 P61,613 P 72,073 P67,073 P80,573

Based on the following reconciling items between the bank balance and the book balance on November 30 of thecurrent year of Rolex Company: • Balance per the bank statement in November 1 showed the amount of P 80,161 • Deposits of P 5,460 made in November 30 were not yot reflected • hecks issued but not yet paid amounted to P 12,148 • Bank collection of P 13,500 was not recorded in the books • Bank service charges for the month amounted to P 1,200 A check deposited in the amount of P 5.000 was marked by the • DAIF (drawn against insufficient fund) • A deposit for P5,400 was erroneously recorded by the bank as P4,500 How much is the balance per book, November 17 P61,613 P 72,073 P67,073 P80,573

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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