prepare bank reconciliation statement and adjusting entries Mr. Jimin received his August 2020 bank statement. The ending cash balance in hisaccounting books is P300,000 while the cash balance shown on the bank statement isP430,000. He determined the following reconciling items.a. Credit Memo (A/R)b. Debit Memo (A/P)c. Deposits in transitd. Outstanding ChecksP190,00030,00050,00020,000JIMIN CO.Bank Reconciliation StatementAugust 31, 2020Adjusting Entries

Journal entry is the process of documenting commercial transactions for the first time in the books…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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