In preparing its bank reconciliation for the month of February, ABC Company has made available the following information: Balance per bank statement, February 28 P18,025 Deposit in transit, February 28, P3,125 Outstanding checks, February 28, P2,875 Check erroneously deducted by bank from James' account, P125 Bank service charges for February, P25 What is the corrected cash balance at February 28? 18,125 18,150 18,275 18,400
In preparing its bank reconciliation for the month of February, ABC Company has made available the following information: Balance per bank statement, February 28 P18,025 Deposit in transit, February 28, P3,125 Outstanding checks, February 28, P2,875 Check erroneously deducted by bank from James' account, P125 Bank service charges for February, P25 What is the corrected cash balance at February 28? 18,125 18,150 18,275 18,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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13.In preparing its bank reconciliation for the month of February, ABC Company has made available the following information:
Balance per bank statement, February 28 P18,025
Deposit in transit, February 28, P3,125
Outstanding checks, February 28, P2,875
Check erroneously deducted by bank from James' account, P125
Bank service charges for February, P25
What is the corrected cash balance at February 28?
Balance per bank statement, February 28 P18,025
Deposit in transit, February 28, P3,125
Outstanding checks, February 28, P2,875
Check erroneously deducted by bank from James' account, P125
Bank service charges for February, P25
What is the corrected cash balance at February 28?
18,125
18,150
18,275
18,400
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