Letty Company's bank statement for the month of April included the following information: - bank service charge for April, P15,000 - check deposited by Letty during April was not collectible and has been marked "NSF" by the bank and returned, P40,000 In comparing the bank statement to its own records, Letty found the following: - deposits made but not yet recorded by bank, P130,000 - checks written and mailed but not yet recorded by bank, P100,000 All deposits in transit and outstanding checks have been properly recorded in Letty's books. Letty Company found a check for P35,000, payable to Letty Company that had not yet been deposited and had not been recorded in Letty's books. Letty's books show a cash in bank account balance of P920,000. What is the adjusted cash in bank on April 30?
Letty Company's bank statement for the month of April included the following information:
- bank service charge for April, P15,000
- check deposited by Letty during April was not collectible and has been marked "NSF" by the bank and returned, P40,000
In comparing the bank statement to its own records, Letty found the following:
- deposits made but not yet recorded by bank, P130,000
- checks written and mailed but not yet recorded by bank, P100,000
All deposits in transit and outstanding checks have been properly recorded in Letty's books.
Letty Company found a check for P35,000, payable to Letty Company that had not yet been deposited and had not been recorded in Letty's books. Letty's books show a cash in bank account balance of P920,000.
What is the adjusted cash in bank on April 30?
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