In your audit of TRUE Company as of December 31, 2020, you gathered the following information: Balance per bank statement P6,000,000 Deposit in transit 3,000,000 Outstanding checks 1,200,000 Customer's note collected by bank 750,000 Customer's NSF check 147,000 Checkbook printing charge 3,000 Certified checks included in the outstanding checks 400,000 Depositor's note charged to account 500,000 The cash balance per book of TRUE Company on December 31, 2020 is

In your audit of TRUE Company as of December 31, 2020, you gathered the following information: Balance per bank statement P6,000,000 Deposit in transit 3,000,000 Outstanding checks 1,200,000 Customer's note collected by bank 750,000 Customer's NSF check 147,000 Checkbook printing charge 3,000 Certified checks included in the outstanding checks 400,000 Depositor's note charged to account 500,000 The cash balance per book of TRUE Company on December 31, 2020 is

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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