PROBLEM 8-14 Basics Of Proof Of Cashta regarding the cash in bank for the current year of Launch Attack Companyfollow:Jan. 31250,000Cash per ledgerCash receipts for FebruaryUnadjusted bank statementBank disbursementsOverstatement of customer's checks per booksOverstatement of company's checks per booksErroneous bank creditErroneous bank chargeFeb. 28290,000300,000282,400248,100269,6003,0004,0003009005,0003,2004,0009,500Required: Compute for the adjusted balance of the following:1. Cash in bank, January 312. Cash receipts3. Cash disbursements4. Cash in bank, February 28data:EMics Of Proof Of Cash

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Business

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dger ts for Februa bank statem "sements ent of custom ent of compa ank credit ank charge ompute for ti pank, January

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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Question

PROBLEM 8-14 Basics Of Proof Of Cash
ta regarding the cash in bank for the current year of Launch Attack Company
follow:
Jan. 31
250,000
Cash per ledger
Cash receipts for February
Unadjusted bank statement
Bank disbursements
Overstatement of customer's checks per books
Overstatement of company's checks per books
Erroneous bank credit
Erroneous bank charge
Feb. 28
290,000
300,000
282,400
248,100
269,600
3,000
4,000
300
900
5,000
3,200
4,000
9,500
Required: Compute for the adjusted balance of the following:
1. Cash in bank, January 31
2. Cash receipts
3. Cash disbursements
4. Cash in bank, February 28
data:
EM
ics Of Proof Of Cash

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