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Part of Tsibog Co.'s unadjusted trial balance at December 31 showed a Cash balance of 17, 400 The balance per bank statement was P12.000 on December 31. Outstanding checks amounted to P6,900 Interest of P40 was credited to the enterprise's account by the bank during December, but has not yet been entered on the company's books. Assuming no errors exist in the company's cash balance, deposits in transit at December 31 amount to  a. P12.260 b. P5.400 c. P12,340  d. P12,300

Part of Tsibog Co.'s unadjusted trial balance at December 31 showed a Cash balance of 17, 400 The balance per bank statement was P12.000 on December 31. Outstanding checks amounted to P6,900 Interest of P40 was credited to the enterprise's account by the bank during December, but has not yet been entered on the company's books. Assuming no errors exist in the company's cash balance, deposits in transit at December 31 amount to  a. P12.260 b. P5.400 c. P12,340  d. P12,300

Financial Accounting
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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Part of Tsibog Co.'s unadjusted trial balance at December 31 showed a Cash balance of 17, 400 The balance per bank statement was P12.000 on December 31. Outstanding checks amounted to P6,900 Interest of P40 was credited to the enterprise's account by the bank during December, but has not yet been entered on the company's books.

Assuming no errors exist in the company's cash balance, deposits in transit at December 31 amount to 

a. P12.260

b. P5.400

c. P12,340 

d. P12,300

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