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How much is the total book receipts in December?

How much is the total book receipts in December?

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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1. How much is the total book receipts in December? 

In connection with your audit of the cash account of Joseph Company, you gathered the following information: a. Balance per bank, December 1, 2016, P145,000 b. Total bank receipts (credits) in December, P364,0003; c. Balance per bank, December 31, 2016, P132,500; d. Outstanding checks, Nov. 30, 2016 (including P12,000 paid by bank in December), P67,000; e. Outstanding checks, December 31, 2016 (including checks issued in November), P94,162; f. Deposit in transit, November 30, 2016, P39,458; g. A customer's check received on December 4, 2016, was returned by bank on December 7 marked "NSF." It was redeposited on December 8, 2016. The only entry made was to take up the collection on December 4, 2016, P11,143.
Transcribed Image Text:In connection with your audit of the cash account of Joseph Company, you gathered the following information: a. Balance per bank, December 1, 2016, P145,000 b. Total bank receipts (credits) in December, P364,0003; c. Balance per bank, December 31, 2016, P132,500; d. Outstanding checks, Nov. 30, 2016 (including P12,000 paid by bank in December), P67,000; e. Outstanding checks, December 31, 2016 (including checks issued in November), P94,162; f. Deposit in transit, November 30, 2016, P39,458; g. A customer's check received on December 4, 2016, was returned by bank on December 7 marked "NSF." It was redeposited on December 8, 2016. The only entry made was to take up the collection on December 4, 2016, P11,143.
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