Little Corporation's bank statement for the month of April included the following information: Bank service charge for April - P130 Check deposited by Little during April was not collectible and has been marked "NSF" by the bank and returned - 400 In comparing the bank statement to its own cash records, Little found: Deposits made but not yet recorded by the bank - P1,324 Checks written and mailed but not yet recorded by the bank - 987 All the deposits in transit and outstanding checks have been properly recorded in Little's books. Little also found a check for P350, payable to Little Corporation, that had not yet been deposited and had not been recorded in Little's books. Little's books show a bank account balance of P9,213 (before any adjustments or corrections). What is Little Corporation's correct Cash balance at April 30? a. P 8,683 b. P 9,213 c. P 8,333 d. P 9,033
Little Corporation's bank statement for the month of April included the following information:
Bank service charge for April - P130
Check deposited by Little during April was not collectible and has been marked "NSF" by the bank and returned - 400
In comparing the bank statement to its own cash records, Little found:
Deposits made but not yet recorded by the bank - P1,324
Checks written and mailed but not yet recorded by the bank - 987
All the deposits in transit and outstanding checks have been properly recorded in Little's books. Little also found a check for P350, payable to Little Corporation, that had not yet been deposited and had not been recorded in Little's books. Little's books show a bank account balance of P9,213 (before any adjustments or corrections). What is Little Corporation's correct Cash balance at April 30?
a. P 8,683
b. P 9,213
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