Proof of Cash Problems 1. Lazer Company had the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit Total Outstanding checks Balance per book, June 30 The bank statement for the month of July showed the following: The month Deposits, including P200,000 note collected for Lazer Disbursements, including P140,000 NSF customer check And P10,000 service charge P3,000,000 400,000 What is the cash balance per book on July 31? What is the amount of cash receipts per book in July ? What is the amount of cash disbursements per book in July? 3,400,000 (900,000) P2,500,000 P9,000,000 7,000,000 All reconciling items on June 30 cleared through the bank in July. The Outstanding checks totaled P600,000 and the deposit in transit amounted to P1,000,000 on July 31.
Proof of Cash Problems 1. Lazer Company had the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit Total Outstanding checks Balance per book, June 30 The bank statement for the month of July showed the following: The month Deposits, including P200,000 note collected for Lazer Disbursements, including P140,000 NSF customer check And P10,000 service charge P3,000,000 400,000 What is the cash balance per book on July 31? What is the amount of cash receipts per book in July ? What is the amount of cash disbursements per book in July? 3,400,000 (900,000) P2,500,000 P9,000,000 7,000,000 All reconciling items on June 30 cleared through the bank in July. The Outstanding checks totaled P600,000 and the deposit in transit amounted to P1,000,000 on July 31.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Proof of Cash Problems
1.
Lazer Company had the following bank reconciliation on June 30:
Balance per bank statement, June 30
Deposit in transit
Total
Outstanding checks
Balance per book, June 30
The bank statement for the month of July showed the following:
The month
Deposits, including P200,000 note collected for Lazer
Disbursements, including P140,000 NSF customer check
And P10,000 service charge
P3,000,000
400,000
What is the cash balance per book on July 31?
What is the amount of cash receipts per book in July ?
What is the amount of cash disbursements per book in July?
3,400,000
(900,000)
P2,500,000
P9,000,000
7,000,000
All reconciling items on June 30 cleared through the bank in July. The
Outstanding checks totaled P600,000 and the deposit in transit amounted to
P1,000,000 on July 31.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fbf675e-2739-4cb1-bf6f-4b03cb28814f%2Fdb835115-06c8-43fe-ad1b-331c2d91248f%2F0n30m9w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Proof of Cash Problems
1.
Lazer Company had the following bank reconciliation on June 30:
Balance per bank statement, June 30
Deposit in transit
Total
Outstanding checks
Balance per book, June 30
The bank statement for the month of July showed the following:
The month
Deposits, including P200,000 note collected for Lazer
Disbursements, including P140,000 NSF customer check
And P10,000 service charge
P3,000,000
400,000
What is the cash balance per book on July 31?
What is the amount of cash receipts per book in July ?
What is the amount of cash disbursements per book in July?
3,400,000
(900,000)
P2,500,000
P9,000,000
7,000,000
All reconciling items on June 30 cleared through the bank in July. The
Outstanding checks totaled P600,000 and the deposit in transit amounted to
P1,000,000 on July 31.
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