MICkey current year: Bank statement balance, March 31 Credit memo for interest credited by bank for the month of March Note collected by bank, including interest of P3,500 not yet taken up on the books NSF check returned with the bank statement P176,600 200 52,200 25,280 Bank service charges for March Proceeds from the loan borrowed 1,580 25,000 78,450 Outstanding checks as of March 31
MICkey current year: Bank statement balance, March 31 Credit memo for interest credited by bank for the month of March Note collected by bank, including interest of P3,500 not yet taken up on the books NSF check returned with the bank statement P176,600 200 52,200 25,280 Bank service charges for March Proceeds from the loan borrowed 1,580 25,000 78,450 Outstanding checks as of March 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the correct cash balance at March 31?
![The following information is available for the Mickey Mouse Corporation on March 31 of the
current year:
Bank statement balance, March 31
Credit memo for interest credited by bank for the month of March
Note collected by bank, including interest of P3,500
not yet taken up on the books
NSF check returned with the bank statement
P176,600
200
52,200
25,280
1,580
25,000
78,450
Bank service charges for March
Proceeds from the loan borrowed
Outstanding checks as of March 31](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F564aedaf-ff45-449b-809b-ac334e5c7d46%2F452edf37-9c8b-43fc-ad56-42a3bd628949%2Fdwsatwi_processed.png&w=3840&q=75)
Transcribed Image Text:The following information is available for the Mickey Mouse Corporation on March 31 of the
current year:
Bank statement balance, March 31
Credit memo for interest credited by bank for the month of March
Note collected by bank, including interest of P3,500
not yet taken up on the books
NSF check returned with the bank statement
P176,600
200
52,200
25,280
1,580
25,000
78,450
Bank service charges for March
Proceeds from the loan borrowed
Outstanding checks as of March 31
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