CPA Company provided the following information: Reconciling items: Undeposited collections Outstanding checks Customer's notes collected by bank Bank service charges Erroneous bank debits Erroneous bank credits NSF checks not redeposited Customers check deposited December 10, 30-Nov 31-Dec 200,000 120,000 80,000 60,000 100,000 120,000 2,000 3,000 10,000 20,000 40,000 5,000 30,000 7,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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39.

CPA Company provided the following information:
Reconciling items:
Undeposited collections
Outstanding checks
Customer's notes collected by bank
Bank service charges
Erroneous bank debits
30-Nov 31-Dec
200,000 120,000
80,000 60,000
100,000 120,000
2,000
3,000
10,000 20,000
Erroneous bank credits
40,000 30,000
7,000
NSF checks not redeposited
Customers check deposited December 10,
returned by bank on December 16 marked NSF,
and redeposited immediately; no entry made on books for return or
redeposit
5,000
10,000
Unadjusted balances:
Вooks
?
90,000
Bank
230,000
?
Bank
Вooks
December Transactions:
Receipts
Disbursements
420,000 270,000
500,000 407,000
How much is the adjusted Bank /Book receipts as of December 31, 2021?
Transcribed Image Text:CPA Company provided the following information: Reconciling items: Undeposited collections Outstanding checks Customer's notes collected by bank Bank service charges Erroneous bank debits 30-Nov 31-Dec 200,000 120,000 80,000 60,000 100,000 120,000 2,000 3,000 10,000 20,000 Erroneous bank credits 40,000 30,000 7,000 NSF checks not redeposited Customers check deposited December 10, returned by bank on December 16 marked NSF, and redeposited immediately; no entry made on books for return or redeposit 5,000 10,000 Unadjusted balances: Вooks ? 90,000 Bank 230,000 ? Bank Вooks December Transactions: Receipts Disbursements 420,000 270,000 500,000 407,000 How much is the adjusted Bank /Book receipts as of December 31, 2021?
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