Problem 3-2 (ACP) 600,000 Receipts per bok Noveber olecttion from ctomer. P100.000 ded as PI0.000) Daburements ner book for November (check for Pao0.000 is payment faconunt recorded as P30.000 Balance per bankatasement November 30 Deposit in teanait October 31 Balance per book October 31 2.200.00 1,800.00 930,000 300.000 400,000 Otanding heck November 30 Bank recripts for Novemberinclading an erroneous credit of P100.000 which should have been credited to Beeline Company Bank disbursmente for November including check of Beeline Company, P200,000 2,500,000 1,970,000 Required: Prepare bank reconciliation on October 31 and Novembe 30, and adjuating entries on November 30.
Problem 3-2 (ACP) 600,000 Receipts per bok Noveber olecttion from ctomer. P100.000 ded as PI0.000) Daburements ner book for November (check for Pao0.000 is payment faconunt recorded as P30.000 Balance per bankatasement November 30 Deposit in teanait October 31 Balance per book October 31 2.200.00 1,800.00 930,000 300.000 400,000 Otanding heck November 30 Bank recripts for Novemberinclading an erroneous credit of P100.000 which should have been credited to Beeline Company Bank disbursmente for November including check of Beeline Company, P200,000 2,500,000 1,970,000 Required: Prepare bank reconciliation on October 31 and Novembe 30, and adjuating entries on November 30.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![adjusting entries on July 31.
Problem 3-2 (ACP)
Required:
600,000
a Prepare ban
Balance per book October 31
Receipts per book for November icollection fromm
customer. P100.000 reperded as P10.000)
Disbureements per book for November
(check for Pao0.000 in parment of account
recorded as P30.000)
Balance per bank statement November 30
Deposit in transit October 31
Outstanding checks November 30
Bank recoipta for November including an
srroneous credit of PI00,000 which should have
been credited to Beeline Company
Bank diabursements for November including
check of Beeline Company, P200,000
2,200.000
b. Prepare adju
1,800,000
930,000
300,000
400,000
2,500,000
1,970,000
Required:
Prepare bank reconciliation on October 31 and Novembe
30, and adjuating entries on November 30.
96](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36c24973-5f50-4c24-af16-8ac46d2f7fa2%2F55fd106f-7a31-41cd-ad41-623a902826d8%2F2jau2le_processed.jpeg&w=3840&q=75)
Transcribed Image Text:adjusting entries on July 31.
Problem 3-2 (ACP)
Required:
600,000
a Prepare ban
Balance per book October 31
Receipts per book for November icollection fromm
customer. P100.000 reperded as P10.000)
Disbureements per book for November
(check for Pao0.000 in parment of account
recorded as P30.000)
Balance per bank statement November 30
Deposit in transit October 31
Outstanding checks November 30
Bank recoipta for November including an
srroneous credit of PI00,000 which should have
been credited to Beeline Company
Bank diabursements for November including
check of Beeline Company, P200,000
2,200.000
b. Prepare adju
1,800,000
930,000
300,000
400,000
2,500,000
1,970,000
Required:
Prepare bank reconciliation on October 31 and Novembe
30, and adjuating entries on November 30.
96
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