In reconciling the Cash in Bank of Inner Company with the bank statement balance for the month of November 2018, thefollowing data were summarized: Book debits for November, including October CM for note collected, P60,000 P800,000 Book credits for November, including NSF of P20,000 and service charge of P800 for October P620,000 Bank credits for November, including CM for November for bank loan of P100,000 andOctober deposit in transit for P80,000. P700,000 Bank debits for November including October outstanding checks of P170,800 and Novemberservice charge of P200 P600,000 what is the amount for outstanding checks for november
In reconciling the Cash in Bank of Inner Company with the bank statement balance for the month of November 2018, thefollowing data were summarized: Book debits for November, including October CM for note collected, P60,000 P800,000 Book credits for November, including NSF of P20,000 and service charge of P800 for October P620,000 Bank credits for November, including CM for November for bank loan of P100,000 andOctober deposit in transit for P80,000. P700,000 Bank debits for November including October outstanding checks of P170,800 and Novemberservice charge of P200 P600,000 what is the amount for outstanding checks for november
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In reconciling the Cash in Bank of Inner Company with the bank statement balance for the month of November 2018, thefollowing data were summarized:
Book debits for November, including October CM for note collected, P60,000 P800,000
Book credits for November, including NSF of P20,000 and service charge of P800 for October P620,000
Bank credits for November, including CM for November for bank loan of P100,000 andOctober deposit in transit for P80,000. P700,000
Bank debits for November including October outstanding checks of P170,800 and Novemberservice charge of P200 P600,000
what is the amount for outstanding checks for november?
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