Proof of Cash Problems1. Lazer Company had the following bank reconciliation on June 30:Balance per bank statement, June 30Deposit in transitTotalOutstanding checksBalance per book, June 30The bank statement for the month of July showed the following:The monthDeposits, including P200,000 note collected for LazerDisbursements, including P140,000 NSF customer checkAnd P10,000 service chargeP3,000,000400,0003,400,000(900,000)P2,500,000P9,000,0007,000,000All reconciling items on June 30 cleared through the bank in July. TheOutstanding checks totaled P600,000 and the deposit in transit amounted toP1,000,000 on July 31.What is the adjusted cash in bank in July 31 ?r the month of NovemberWhat 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?

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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 P3,000,000 400,000 3,400,000 (900,000) P2,500,000 The bank statement for the month of July showed the following: The month Deposits, including P200.000 note collected for Lazer P9.000.000

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 P3,000,000 400,000 3,400,000 (900,000) P2,500,000 The bank statement for the month of July showed the following: The month Deposits, including P200.000 note collected for Lazer P9.000.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Saved Help Save & Exit Before reconciling its bank statement, Rollin Corporation's general ledger had a month-end balance in the cash account of $9,500. The bank reconciliation for the month contained the following items: $ 920 Deposits in transit Outstanding checks 720 Interest earned 20 NSF check returned to bank 270 Bank service charge 95 Given the above information, what is the up-to-date ending cash balance Rollin should report at month-end? Multiple Choice Next > Prev 1 of 10 $9,155. $8,580. $8,900. $9,755. I Submit
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