Prepare a bank reconciliation statement for Juan Company for the month of April 2020, using the following information: • The bank statement for Juan Company shows a balance per bank of P15,907.45 on April 30,2020. • On this date the balance of cash per books is P11,589.45 • Additional information are provided below: o Deposits in transit: April 30 deposits (received by the bank on May 1) P2,201.40 o Outstanding checks: • No.453 – P3,000.00 No.457 - P1,401.30 • No.460 – P1,502.70 o Errors: Juan wrote check no.443 for P1,226.00 and the bank correctly paid the amount. However, he recorded the check as P1,262.00. o Bank memoranda: • Debit - NSF check from Pedro P425.60 Debit - Charge for printing company checks P30.00 Credit – Collection of notes receivable for P1,000.00 plus interest earned of p50.00, less bank collection fee of P15.00

Prepare a bank reconciliation statement for Juan Company for the month of April 2020, using the following information: • The bank statement for Juan Company shows a balance per bank of P15,907.45 on April 30,2020. • On this date the balance of cash per books is P11,589.45 • Additional information are provided below: o Deposits in transit: April 30 deposits (received by the bank on May 1) P2,201.40 o Outstanding checks: • No.453 – P3,000.00 No.457 - P1,401.30 • No.460 – P1,502.70 o Errors: Juan wrote check no.443 for P1,226.00 and the bank correctly paid the amount. However, he recorded the check as P1,262.00. o Bank memoranda: • Debit - NSF check from Pedro P425.60 Debit - Charge for printing company checks P30.00 Credit – Collection of notes receivable for P1,000.00 plus interest earned of p50.00, less bank collection fee of P15.00

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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