Otember 30, 2020: P324,720 Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 items that were outstanding as of September 30 cleared through the bank in October, including the oneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the ount of cash disbursements per books in October 2020? P74,700 27,000
Otember 30, 2020: P324,720 Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 items that were outstanding as of September 30 cleared through the bank in October, including the oneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the ount of cash disbursements per books in October 2020? P74,700 27,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:32. The following bank reconciliation is presented for the Jungkook Company for the month of
September 30, 2020:
Balance per bank statement, 09/30/2020
P324,720
Add: Deposit in transit
P74,700
Erroneous bank charge
27,000
101,700
Subtotal
P426,420
Less: Outstanding checks
140,760
Balance per books, 09/30/2020
P285,660
Data for the month of October 2020 follow:
Per bank:
P469,800
October deposits/credits
October charges/debits
Balance, October 31, 2020
403,560
390,960
All items that were outstanding as of September 30 cleared through the bank in October, including the
erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the
amount of cash disbursements per books in October 2020?
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