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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

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

FINANCIAL ACCOUNTING
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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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
Transcribed Image Text: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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