Mr. Jimin received his August 2020 bank statement. The ending cash be accounting books is P300,000 while the cash balance shown on the bank P430,000. He determined the following reconciling items. P190,000 a. Credit Memo (A/R) b. Debit Memo (A/P) c. Deposits in transit d. Outstanding Checks 30.000 50,000 20,000 JIMIN CO. Bank Reconciliation Statement August 31, 2020
Mr. Jimin received his August 2020 bank statement. The ending cash be accounting books is P300,000 while the cash balance shown on the bank P430,000. He determined the following reconciling items. P190,000 a. Credit Memo (A/R) b. Debit Memo (A/P) c. Deposits in transit d. Outstanding Checks 30.000 50,000 20,000 JIMIN CO. Bank Reconciliation Statement August 31, 2020
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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