In preparing the bank reconciliation for the month of May, Mickey Company provided the following information: Balance per bank statement Php 2,500,000 Deposit in transit 500,000 Return of customer check for insufficient fund 150,000 Outstanding checks 350,000 Bank service charge for May 10,000 What is the adjusted cash in bank?
In preparing the bank reconciliation for the month of May, Mickey Company provided the following information: Balance per bank statement Php 2,500,000 Deposit in transit 500,000 Return of customer check for insufficient fund 150,000 Outstanding checks 350,000 Bank service charge for May 10,000 What is the adjusted cash in bank?
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 21E
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In preparing the bank reconciliation for the month of May, Mickey Company provided the following information:
Balance per bank statement Php 2,500,000
Deposit in transit 500,000
Return of customer check for insufficient fund 150,000
Outstanding checks 350,000
Bank service charge for May 10,000
What is the adjusted cash in bank?
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