Problem 2-6 (IAA) January: Virgo Company provided the following data for the month of Balance per book, January 31 Balance per bank statement, January 31 NSF check received from a customer Collections on January 31 but undeposited returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable 3,130,000 3,500,000 550,000 59 50,000 650,000 5,000 300,000 20,000 125,000 Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare
Problem 2-6 (IAA) January: Virgo Company provided the following data for the month of Balance per book, January 31 Balance per bank statement, January 31 NSF check received from a customer Collections on January 31 but undeposited returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable 3,130,000 3,500,000 550,000 59 50,000 650,000 5,000 300,000 20,000 125,000 Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Balance per
ok, March 31
Cash receipts for April
Cash disbursements for April
No. 1331
No. 1332
No. 1333
No. 1334
No. 1335
Outstanding checks as of April 30 of
which No. 1333 had been certified:
ollowing information:
800,000
4,100,000
3,800,000
April debit memos were:
For NSF check
For bank service charge
April credit memo for note collected
Undeposited collections
by bank in the name of Zodiac Company
Balance per bank, April 30
Required:
to bank approach and prepare adjusting entries.
Prepare a bank reconciliation on April 30 following the book
Problem 2-6 (IAA)
Galaxy S21+ 5G
40,000
30,000
50,000
60,000
10,000
59
5,000
25,000
January:
Virgo Company provided the following data for the month of
60,000
270,000
1,000,000
Balance per book, January 31
Balance per bank statement, January 31
Collections on January 31 but undeposited
NSF check received from a customer
returned by the bank on February 5
with the January bank statement
Checks outstanding on January 31
Bank debit memo for safety deposit box
rental not recorded by depositor
A creditor's check for P30,000 was incorrectly
recorded in the depositor's book as
A customer's check for P200,000 was
recorded by the depositor as
The depositor neglected to make an entry in
its books for a check drawn in payment
of an account payable
Required:
adjusting entries.
Prepare a bank reconciliation on January 31 and prepare
3,130,000
3,500,000
550,000
50,000
650,000
5,000
300,000
20,000
125,000.
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