In preparing bank reconciliation for the month of August, Ken Company provided the following information: Balance per bank statement P1,805,000 Deposit in transit 325,000 Return of customer’s check for insufficient fund 60,000 Outstanding checks 275,000 Bank service charge for August 10,000 What is the adjusted bank balance? What is the unadjusted book balance?

In preparing bank reconciliation for the month of August, Ken Company provided the following information: Balance per bank statement P1,805,000 Deposit in transit 325,000 Return of customer’s check for insufficient fund 60,000 Outstanding checks 275,000 Bank service charge for August 10,000 What is the adjusted bank balance? What is the unadjusted book balance?

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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