Deposit of December 27 omitted from bank statement bank to the account of Alpha Company mont 5,000,000 5,500,000 Cash balance per ledger Cash balance per bank statement Proceeds of bank loan discounted on December 1 for one year at 14% Undeposited collections on December 31 516,000 300,000 Check of Omega Company had been incorrectly deducted by bank from Alpha Company account 50,000 Check of Alpha Company in payment of an account payable had been recorded by the depositor as P20,000. The correct 200,000 amount is The ledger account for cash was the only cash account kept by the entity. It included a petty cash account comprised of the following items: Currency and coin Supplies Transportation Postage 4,000 2,000 3,000 1,000 Deposit of Omega Company credited by 10,000 130,000 150,000 544.000 Outstanding checks Required:
Deposit of December 27 omitted from bank statement bank to the account of Alpha Company mont 5,000,000 5,500,000 Cash balance per ledger Cash balance per bank statement Proceeds of bank loan discounted on December 1 for one year at 14% Undeposited collections on December 31 516,000 300,000 Check of Omega Company had been incorrectly deducted by bank from Alpha Company account 50,000 Check of Alpha Company in payment of an account payable had been recorded by the depositor as P20,000. The correct 200,000 amount is The ledger account for cash was the only cash account kept by the entity. It included a petty cash account comprised of the following items: Currency and coin Supplies Transportation Postage 4,000 2,000 3,000 1,000 Deposit of Omega Company credited by 10,000 130,000 150,000 544.000 Outstanding checks Required:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
PREPARE A BOOK TO BANK STATEMENT
Transcribed Image Text:bank to the account of Alpha Company
Deposit of December 27 omitted from bank statement
month of December:
5,000,000
5,500,000
Cash balance per ledger
Cash balance per bank statement
Proceeds of bank loan discounted on
December 1 for one year at 14%
Undeposited collections on December 31
516,000
300,000
Check of Omega Company had been
incorrectly deducted by bank from
Alpha Company account
50,000
Check of Alpha Company in payment of
an account payable had been recorded
by the depositor as P20,000. The correct
amount is
200,000
The ledger account for cash was the only
cash account kept by the entity.
It included a petty cash account
comprised of the following items:
Currency and coin
Supplies
Transportation
Postage
4,000
2,000
3,000
1,000
Deposit of Omega Company credited by
10,000
130,000
150,000
544,000
Outstanding checks
Required:
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