Bigotry Company provided the following information: Balance per book, August 31 2,000,000 Receipts per book for August 4,400,000 Disbursements per book for August 3,600,000 Balance per bank, August 31 1,860,000 Bank receipts for August 5,000,000 Bank Disbursements for August 3,940,000
Bigotry Company provided the following information:
Balance per book, August 31 2,000,000
Receipts per book for August 4,400,000
Disbursements per book for August 3,600,000
Balance per bank, August 31 1,860,000
Bank receipts for August 5,000,000
Bank Disbursements for August 3,940,000
August collection of 200,000 recorded by entity as 20,000
August check in payment of account payable for 600,000
recorded by entity as 60,000
Deposit of Bigot Company erroneously credited by bank to Bigotry Company 200,000
August check of Bigot Company erroneously charged by bank to Bigotry Company 400,000
NSF Check:
July 100,000
August 50,000
Note collected by bank for Bigotry Company:
July 200,000
August 300,000
Deposit in Transit:
July 31 600,000
August 31 480,000
Outstanding checks:
July 31 100,000
August 31 650,000
Required:
Prepare proof of cash for the month of August following the "book to bank" method.
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