Problem 4 Basics of Proof of Cash Data regarding the cash in bank for the current year of Basic Company follow: Jan.31 Feb.28 Cash per ledger 290,000 250,000 Cash receipts for February 300,000 Unadjusted bank statement 237,500 276,800 Bank Disbursement 255,700 Credit Memo for note collected 30,000 35,000 Bank service charge 7,500 4,200 Deposit transit 50,000 60,000 Outstanding checks 15,000 16,000 Required: Compute for the adjusted baiance of the foliowing: 1. Cash in bank, January 31

FINANCIAL ACCOUNTING
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Problem 4 Basics of Proof of Cash
Data regarding the cash in bank for the current year of Basic Company follow:
Jan.31
Feb.28
Cash per ledger
290,000
250,000
Cash receipts for February
300,000
Unadjusted bank statement
237,500
276,800
Bank Disbursement
255,700
Credit Memo for note collected
30,000
35,000
Bank service charge
7,500
4,200
Deposit transit
50,000
60,000
Outstanding checks
15,000
16,000
Rēquired: Compute for the adjusted batance of the folowing:
1. Cash in bank, January 31
Transcribed Image Text:Problem 4 Basics of Proof of Cash Data regarding the cash in bank for the current year of Basic Company follow: Jan.31 Feb.28 Cash per ledger 290,000 250,000 Cash receipts for February 300,000 Unadjusted bank statement 237,500 276,800 Bank Disbursement 255,700 Credit Memo for note collected 30,000 35,000 Bank service charge 7,500 4,200 Deposit transit 50,000 60,000 Outstanding checks 15,000 16,000 Rēquired: Compute for the adjusted batance of the folowing: 1. Cash in bank, January 31
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