Information on ABC Co. is shown below:note 30-Jul132,200me Aug. 31JARA180,00060,000Book balanceR Book debitsO Book creditsBank balance3TAG100,600169,000O Bank debitsR Bank creditsuis1 oep orl bnstensbrnu bnb6aA .2z6D .pnime9Notes collected by bank20,60010,00035,000Debit memOS7,8008,900100Understatement of book receipts2,800 1odrmenoDeposit in transitOutstanding checks43,800Stbelsb noits1o3,90045,00011,200000,5OS rodmep90 beficogsb.noitse3. How much is the adjusted receipts in August?Tण -88,700Bcd. 87,800a. 78,800jud sonsleC.b. 80,700T.nsl benssbne4. How much is the adjusted disbursements in August?a. 13,300b. 17,800C. 16,200d. 14,300000,5. How much is the adjusted balance of cash on August?a. 136,200C. 132,600d. 208,900008.89b. 134,400formation ir availahle for Reagan Company:

Bank reconciliation statement is a statement which is prepared at the end of the month to correct…

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

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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