Information on ABC Co. is shown below: M noite30-Jul 132,200 me Aug. 31 A748 180,000 Book balance 60,000 R Book debits O Book credits Bank balance 3TAG 100,600 169,000 O Bank debits R Bank credits 162itesup srli bnslansbnu bnbeaA 2260 .pnime Notes collected by bank 20,600 10,000 35,000 Debit memoS 7,800 8,900 000.03 Understatement of book receipts onalsd Xood 2,800 45,000os S Deposit in transit Outstanding checks 43,800 belsb noitsio 11,200 3,900 000,S OSod 9d bellcogsb.noits e 3. How much is the adjusted receipts in August? a. 78,800 b. 80,700 C. 88,700 Bc d. 87,800 4. How much is the adjusted disbursements in August? a. 13,300 C. 16,200 orlud b. 17,800 000, d. 14,300 5. How much is the adjusted balance of cash on August? a. 136,200 C. 132,600 b. 134,400 d. 208,900

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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Information on ABC Co. is shown below:
note 30-Jul
132,200
me Aug. 31JARA
180,000
60,000
Book balance
R Book debits
O Book credits
Bank balance
3TAG
100,600
169,000
O Bank debits
R Bank creditsuis1 oep orl bnstensbrnu bnb6aA .2z6D .pnime9
Notes collected by bank
20,600
10,000
35,000
Debit memOS
7,800
8,900
100
Understatement of book receipts
2,800 1odrme
no
Deposit in transit
Outstanding checks
43,800
Stbelsb noits1o
3,900
45,000
11,200
000,5
OS rodmep90 beficogsb.noitse
3. How much is the adjusted receipts in August?
Tण -
88,700
Bc
d. 87,800
a. 78,800
jud sonsle
C.
b. 80,700
T.nsl benssbne
4. How much is the adjusted disbursements in August?
a. 13,300
b. 17,800
C. 16,200
d. 14,300
000,
5. How much is the adjusted balance of cash on August?
a. 136,200
C. 132,600
d. 208,900
008.89
b. 134,400
formation ir availahle for Reagan Company:
Transcribed Image Text:Information on ABC Co. is shown below: note 30-Jul 132,200 me Aug. 31JARA 180,000 60,000 Book balance R Book debits O Book credits Bank balance 3TAG 100,600 169,000 O Bank debits R Bank creditsuis1 oep orl bnstensbrnu bnb6aA .2z6D .pnime9 Notes collected by bank 20,600 10,000 35,000 Debit memOS 7,800 8,900 100 Understatement of book receipts 2,800 1odrme no Deposit in transit Outstanding checks 43,800 Stbelsb noits1o 3,900 45,000 11,200 000,5 OS rodmep90 beficogsb.noitse 3. How much is the adjusted receipts in August? Tण - 88,700 Bc d. 87,800 a. 78,800 jud sonsle C. b. 80,700 T.nsl benssbne 4. How much is the adjusted disbursements in August? a. 13,300 b. 17,800 C. 16,200 d. 14,300 000, 5. How much is the adjusted balance of cash on August? a. 136,200 C. 132,600 d. 208,900 008.89 b. 134,400 formation ir availahle for Reagan Company:
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