Mindanao Company provided the following data for the month of December: Balance per book Bank service charges Outstanding checks Deposit in transit Customer note collected by bank 1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 Interest on customer note Customer check returned NSF Depositor's payment of note payable charged to account

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

What is the unadjusted cash in bank per bank statement?

Mindanao Company provided the following data for the month of December:
Balance per book
Bank service charges
Outstanding checks
Deposit in transit
Customer note collected by bank
Interest on customer note
Customer check returned NSF
1,000,000
3,000
235,000
300,000
375,000
15,000
62,000
250,000
Depositor's payment of note payable charged to account
Transcribed Image Text:Mindanao Company provided the following data for the month of December: Balance per book Bank service charges Outstanding checks Deposit in transit Customer note collected by bank Interest on customer note Customer check returned NSF 1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 Depositor's payment of note payable charged to account
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Financial Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education