Ending balance, December 31 Bank service charge for December Interest paid by bank to Stellar Company for December In comparing the bank statement to its own cash records, the entity found the following Deposit made but not yet reconded by the bank Checks written and mailed but not yet recorded by the hank In addition, the entity discovered that it had draw and erroneously recorded a check for P46,000 that should have been recorded for P64,000. What is the cash balance per ledger on December 31? 2,800,000 12,000 10,000 350,000 650,000
Ending balance, December 31 Bank service charge for December Interest paid by bank to Stellar Company for December In comparing the bank statement to its own cash records, the entity found the following Deposit made but not yet reconded by the bank Checks written and mailed but not yet recorded by the hank In addition, the entity discovered that it had draw and erroneously recorded a check for P46,000 that should have been recorded for P64,000. What is the cash balance per ledger on December 31? 2,800,000 12,000 10,000 350,000 650,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![25. Stellar Company provided the bank statement for the month of December which included the
following information:
Ending balance, December 31
Bank service charge for December
Interest paid by bank to Stellar Company for December
In comparing the bank statement to its own cash records, the entity found the following
Deposit made but not yet recorded by the bank
Checks written and mailed but not yet recorded by the bank
In addition, the entity discovered that it had draw and eroneously recorded a check for P46,00
that should have been recorded for P64,000,
What is the cash balance per ledger on December 31?
2,800,000
12,000
10,000
350,00
650,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23d795f1-a6cf-4eca-abbb-f0117418c3d4%2F77f08b93-5a94-4f41-99fe-dbc7699fe160%2F7syxbxm_processed.png&w=3840&q=75)
Transcribed Image Text:25. Stellar Company provided the bank statement for the month of December which included the
following information:
Ending balance, December 31
Bank service charge for December
Interest paid by bank to Stellar Company for December
In comparing the bank statement to its own cash records, the entity found the following
Deposit made but not yet recorded by the bank
Checks written and mailed but not yet recorded by the bank
In addition, the entity discovered that it had draw and eroneously recorded a check for P46,00
that should have been recorded for P64,000,
What is the cash balance per ledger on December 31?
2,800,000
12,000
10,000
350,00
650,000
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