MDB Company provided the following data pertaining to the cash transactious and bank account for the month of May: Cash baluce per accounting tecond Cash balance per bank statement Bank service charge Bank Debit Memo Outstanding checks Deposits made on May 30 and not yet reflected in the bank statement Collections made by the bank from a customer promissory note, the principal amount of Php800,000 with interest Check No. 1234 issued to a supplier entered in the accouating econl as Php 1,719,000 3,195,000 10,000 5,000 685,000 500,000 810,000 21,000 P210,000 but deducted in the bank statement at an erroneous amount of Customer check returned by the bank marked as NSF. No entry has been made to record the retumed check What is the adjusted cash in bank? 77,000
MDB Company provided the following data pertaining to the cash transactious and bank account for the month of May: Cash baluce per accounting tecond Cash balance per bank statement Bank service charge Bank Debit Memo Outstanding checks Deposits made on May 30 and not yet reflected in the bank statement Collections made by the bank from a customer promissory note, the principal amount of Php800,000 with interest Check No. 1234 issued to a supplier entered in the accouating econl as Php 1,719,000 3,195,000 10,000 5,000 685,000 500,000 810,000 21,000 P210,000 but deducted in the bank statement at an erroneous amount of Customer check returned by the bank marked as NSF. No entry has been made to record the retumed check What is the adjusted cash in bank? 77,000
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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Question
![MDB Company provided the following data pertaining to the cash transactions and bank account for the
month of May:
Cash balace pжт ассошіg гессиі
Cash balance per bank statement
Bank service charge
Bank Debit Memo
Outstanding checks
Deposits made on May 30 and xot yet reflected in the bank statement
Collections made by the bank from a custoner promissory note, the principal
amount of Phps800,000 with interest
Check No. 1234 issued to a supplier entered in the accounting recond as
Php 1,719,000
3,195,000
10,000
5,000
685,000
500,000
810,000
21,000
P210,000 but deducted in the bank statement at an erroneous amount of
Customer check returned by the bank marked as NSF. No entry has been made
to record the retumed check
What is the adjusted cash in bank?
77,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcd56e568-e304-4824-a0bd-e9dcbced2627%2F128630d2-f4ee-49f5-b9ec-0472bbeb3a3d%2Fueh7839_processed.png&w=3840&q=75)
Transcribed Image Text:MDB Company provided the following data pertaining to the cash transactions and bank account for the
month of May:
Cash balace pжт ассошіg гессиі
Cash balance per bank statement
Bank service charge
Bank Debit Memo
Outstanding checks
Deposits made on May 30 and xot yet reflected in the bank statement
Collections made by the bank from a custoner promissory note, the principal
amount of Phps800,000 with interest
Check No. 1234 issued to a supplier entered in the accounting recond as
Php 1,719,000
3,195,000
10,000
5,000
685,000
500,000
810,000
21,000
P210,000 but deducted in the bank statement at an erroneous amount of
Customer check returned by the bank marked as NSF. No entry has been made
to record the retumed check
What is the adjusted cash in bank?
77,000
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