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In examining the records of ABC Company on December 31, 2021, the following data are gathered: P1,000,000 3,000 Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank 235,000 300,000 375,000 15,000 62,000 250,000

In examining the records of ABC Company on December 31, 2021, the following data are gathered: P1,000,000 3,000 Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank 235,000 300,000 375,000 15,000 62,000 250,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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36) In examining the records of ABC Company on December 31, 2021, the following data are gathered: Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank P1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 What is the adjusted cash in bank on December 31, 2021?
Transcribed Image Text:36) In examining the records of ABC Company on December 31, 2021, the following data are gathered: Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank P1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 What is the adjusted cash in bank on December 31, 2021?
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