Information pertaining to 67 company appears below Balance per ledger, July 31 P 650,000 Balance per bank statement July 31 1.240.000 Deposit in transit 280,000 debit memo - service charges 10,000 credit memo collection of notes receivables by bank of 67 company 300,000 Oustanding checks ? check for purchase supplies was drawn for P60,000 but was recorded as 90,000 what is the amount of outstanding checks on July 31?

Information pertaining to 67 company appears below Balance per ledger, July 31 P 650,000 Balance per bank statement July 31 1.240.000 Deposit in transit 280,000 debit memo - service charges 10,000 credit memo collection of notes receivables by bank of 67 company 300,000 Oustanding checks ? check for purchase supplies was drawn for P60,000 but was recorded as 90,000 what is the amount of outstanding checks on July 31?

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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Q1: Outstanding check, June 30? Q2: Deposits in Transit, June 30? Q3: Cash per bank statement, June 30?
a. The bank statement balance is $3,240. b. The cash account balance is $3,407. c. Outstanding checks amounted to $736. d. Deposits in transit are $698. e. The bank service charge is $196. f. A check for $32 for supplies was recorded as $23 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance 000 00
Balance per bank.. .$14,500 Balance per company records.... .13,875 Bank service charges. 75 Deposit in transit.. .3,750 NSF check... 800 Outstanding checks... 5,250 What is the adjusted balance on the bank reconciliation?
1
Brown Company's bank statement for September 30 showed: Bank statement balance Book balance of cash $2,790 $3,724 The following information was also available as of September 30: a. A customer's check for $150 marked NSF was returned to Brown Company by the bank. In addition, the bank charged the company's account a $10 processing fee b. The September 30 cash receipts, $3,000 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the Septemt bank statement. c. Outstanding checks amounted to $2, 190. d. A check for rent expense was written for $326 but by mistake was recorded in the accounting records as $362.
Duke Company's unadjusted bank balance at March 31 is $3,850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? Multiple Choice $3,730 $3,530 $3,930 $4,230
Subject:- accounting
Hi please use the excel template
The following information is available for Mouse Inc. for the current month: Company records balance, end of the month $16,725 Outstanding checks $1,752 Deposits in transit $7,500 Service Charges $225 Interest Revenue $75 What is the adjusted company balance on the bank reconciliation? Group of answer choices $22,473 $16,575 $22,623 $22,323
Loren Company provided the following information: Balance per bank statement - May 31 Deposits outstanding Checks outstanding Correct bank balances - May 31 Balance per book - May 31 Bank service charge Correct book balance - May 31 June data are as follows: 2,600,000 300,000 ( 100,000) 2,800,000 2,810,000 ( 10,000) 2,800,000 Book Bank Checks recorded 2,200,000 2,500,000 Deposit recorded Service charge recorded Note collected by bank,P500,000 plus interest 1,600,000 1,800,000 50,000 550,000 NSF checks returned with June 30 statement 100,000 Balances 2,400,000 2,100,000 What is the amount of outstanding checks on June 30?