Reconciliation of Jazz Company' bank account at May 31 of the current year is: Balance per bank statement 2,600,000 Deposits outstanding Bank service charges 300,000 10,000 Erroneous bank charge 40,000 ( 100,000) ( 60,000) ( 600,000) Outstanding checks Erroneous bank credit CM for collection of note Balance per book P 2,190,000 June data are as follows: Bank Вook Checks recorded P 2,200,000 P 2,500,000 Corrections of erroneous bank credit in May Deposits recorded Correction of erroneous bank charge Service charges recorded CM for collection by bank 60,000 1,600,000 1,800,000 40,000 50,000 550,000 600,000 NSF checks returned with June 30 statement (will be redeposited) 100,000

Reconciliation of Jazz Company' bank account at May 31 of the current year is: Balance per bank statement 2,600,000 Deposits outstanding Bank service charges 300,000 10,000 Erroneous bank charge 40,000 ( 100,000) ( 60,000) ( 600,000) Outstanding checks Erroneous bank credit CM for collection of note Balance per book P 2,190,000 June data are as follows: Bank Вook Checks recorded P 2,200,000 P 2,500,000 Corrections of erroneous bank credit in May Deposits recorded Correction of erroneous bank charge Service charges recorded CM for collection by bank 60,000 1,600,000 1,800,000 40,000 50,000 550,000 600,000 NSF checks returned with June 30 statement (will be redeposited) 100,000

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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F27.
17. Find the ending balance if the original balance was $425.32 and the followingtransactions occurred over the space of a week: wrote a check, $16;paycheck deposit, $235.21; check deposit, $30; ATM, $20; wrote a check,$63.45; deposit, $30; maintenance fee, $11; interest, $0.32.A. $609.76B. $610.40C. $650.08D. $649.76
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Which of the following is not one fo the examples of cash equivalent? a. a bank certificate of deposit maturing within 60 days of the reporting date. b. a newly issued corporate bond. c. a US Treasury Bill d. commerial paper
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4. On September 30, the bank statement of Rozel showed a balance of ₱35,790.50. A deposit of ₱1,211.90 on September 30 was not included in the bank statement. Outstanding checks were #162, ₱1,800; #166, ₱2,211.40; #170, ₱1,131.72 and #178, ₱1,462.40. Find the available bank balance.