Given the following information, compute the correct cash balance using the adjusted method. Write your answer on a separate sheet of paper. Balance per bank P20,100 Deposit in Transit 1,500 Outstanding Checks 2,350 Balance per book 19,555 Additional Information: Collection of P130 was recorded by book as P310 Auto-debit of P125 for mobile data Requirement: Compute for the correct cash balance:

Given the following information, compute the correct cash balance using the adjusted method. Write your answer on a separate sheet of paper. Balance per bank P20,100 Deposit in Transit 1,500 Outstanding Checks 2,350 Balance per book 19,555 Additional Information: Collection of P130 was recorded by book as P310 Auto-debit of P125 for mobile data Requirement: Compute for the correct cash balance:

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 1.6C

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Question

Given the following information, compute the correct cash balance using the adjusted
method. Write your answer on a separate sheet of paper.
Balance per bank
P20,100
Deposit in Transit
1,500
Outstanding Checks
2,350
Balance per book
19,555
Additional Information:
Collection of P130 was recorded by book as P310
Auto-debit of P125 for mobile data
Requirement: Compute for the correct cash balance:

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