Prepare proof of cash using the adjusted balance method? b. What is the adjusted bank disbursement in December?
Prepare proof of cash using the adjusted balance method? b. What is the adjusted bank disbursement in December?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Required:
a. Prepare proof of cash using the adjusted balance method?
b. What is the adjusted bank disbursement in December?

Transcribed Image Text:2.
Data for CPA Company are shown below:
Nov 30
Dec 31
Cash account balance
Php 20,340
Php 48,540
Bank statement balance
107,060
137,820
Deposits in transit
Outstanding checks
Bank service charges for the month,
Not shown on company books
8,200
12,880
27,700
30,100
720
б00
NSF checks returned by bank, not shown on company books
Bank collections from company customers, not shown on company books
8,240
80,900
4,300
72,240
Additional information:
a. Deposits and credit memos per bank statement
b. Canceled checks and debit memos per bank statement
Cash receipts per cash book
d. Checks written per cash book
Php 249,100
218,340
с.
172,880
211,900
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