Below is the bank reconciliation for Prada Company for July 2018: Balance per bank, July 31, 2018 Add: Deposits in transit Total Less: Outstanding checks Erroneous bank credit Cash balance per books, July 31, 2018 P 140,000 50,000 P Questions: 14. How much is the unadjusted cash balance per books on August 31, 2018? a. P902,000 b. P860,000 c. P820,000 P P 750,000 120,000 870,000 190,000 680,000 The bank statement for August 2018 contains the following data: Total deposits, P550,000; Total charges (including a no sufficient fund check of P40,000 and service charge of P2,000), P480,000. All outstanding checks on July 31, 2018 including bank credit were cleared in the bank in August 2018. There were outstanding checks of P150,000 and deposits in transit of P190,000 on August 31, 2018. d. P738,000

Below is the bank reconciliation for Prada Company for July 2018: Balance per bank, July 31, 2018 Add: Deposits in transit Total Less: Outstanding checks Erroneous bank credit Cash balance per books, July 31, 2018 P 140,000 50,000 P Questions: 14. How much is the unadjusted cash balance per books on August 31, 2018? a. P902,000 b. P860,000 c. P820,000 P P 750,000 120,000 870,000 190,000 680,000 The bank statement for August 2018 contains the following data: Total deposits, P550,000; Total charges (including a no sufficient fund check of P40,000 and service charge of P2,000), P480,000. All outstanding checks on July 31, 2018 including bank credit were cleared in the bank in August 2018. There were outstanding checks of P150,000 and deposits in transit of P190,000 on August 31, 2018. d. P738,000

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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