PROOF OF CASH OMEN COMPANY uses the four-column reconciliation to prepare its June 2021 bank reconciliation. The following information is available: May 31, 2021, Data: Deposit in Transit P 9,500 Outstanding Checks 17,000 June 2021 Data: Per Bank Per Book Balance, May 31 P 575,000 P 602,000 Reflected June Deposits 216,500 230,000 Reflected June Checks 310,000 317,000 Note Collected 100,000 Bank Service Charge 2,200 Balance, June 30 579,500 515,000 18. How much is the Deposit in Transit on June 30, 2021? 19. How much is the Outstanding Checks on June 30, 2021?
PROOF OF CASH
OMEN COMPANY uses the four-column reconciliation to prepare its June 2021 bank reconciliation. The following information is available:
May 31, 2021, Data:
Deposit in Transit P 9,500
Outstanding Checks 17,000
June 2021 Data: Per Bank Per Book
Balance, May 31 P 575,000 P 602,000
Reflected June Deposits 216,500 230,000
Reflected June Checks 310,000 317,000
Note Collected 100,000
Bank Service Charge 2,200
Balance, June 30 579,500 515,000
18. How much is the Deposit in Transit on June 30, 2021?
19. How much is the Outstanding Checks on June 30, 2021?
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