PREPARE THE BANK RECONCILIATION Alpha Co. is preparing its December 31, 20XY bank reconciliation. The following information was determined: 1. Balance per bank statement, December 31, 20XY - P180,000.00 2. Deposit in transit, December 31, 20XY - P32,000.00 3. Return of customer's check for insufficiency of funds (NSF check), December 31, 20XY - P 60,000.00 4. Balance per book, December 31, 20XY - P143,000.00 5. Outstanding checks, December 31, 20XY - P27,000.00 6. A collection of P320,000.00 was recorded in the books as P230,000.00. The bank statement shows the correct amount of P320,000.00 7. The erroneously credited as P12,000.00 deposit of Easy Buzz Co. to Alpha's account. YOU CAN USE EXCEL
PREPARE THE BANK RECONCILIATION Alpha Co. is preparing its December 31, 20XY bank reconciliation. The following information was determined: 1. Balance per bank statement, December 31, 20XY - P180,000.00 2. Deposit in transit, December 31, 20XY - P32,000.00 3. Return of customer's check for insufficiency of funds (NSF check), December 31, 20XY - P 60,000.00 4. Balance per book, December 31, 20XY - P143,000.00 5. Outstanding checks, December 31, 20XY - P27,000.00 6. A collection of P320,000.00 was recorded in the books as P230,000.00. The bank statement shows the correct amount of P320,000.00 7. The erroneously credited as P12,000.00 deposit of Easy Buzz Co. to Alpha's account. YOU CAN USE EXCEL
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Transcribed Image Text:PREPARE THE BANK RECONCILIATION
Alpha Co. is preparing its December 31, 20XY bank reconciliation. The following
information was determined:
1. Balance per bank statement, December 31, 20XY - P180,000.00
2. Deposit in transit, December 31, 20XY - P32,000.00
3. Return of customer's check for insufficiency of funds (NSF check),
December 31, 20XY - P 60,000.00
4. Balance per book, December 31, 20XY - P143,000.00
5. Outstanding checks, December 31, 20XY - P27,000.00
6. A collection of P320,000.00 was recorded in the books as P230,000.00. The
bank statement shows the correct amount of P320,000.00
7. The erroneously credited as P12,000.00 deposit of Easy Buzz Co. to Alpha's
account.
YOU CAN USE EXCEL
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