Sapphire Company provided the following information for the month of December: Balance per bank statement December 31                                 2,800,000 Bank service charge for December                                             12,000 Interest paid by bank to Sapphire Company for December       10,000 Deposits made but not yet recorded by the bank                      350,000 Checks written but not yet recorded by the bank                      650,000 The entity discovered that it had drawn and erroneously recorded a check for P46,000 that should have been recorded for P64,000 What is the cash balance per ledger on December 31?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Sapphire Company provided the following information for the month of December:


Balance per bank statement December 31                                 2,800,000
Bank service charge for December                                             12,000
Interest paid by bank to Sapphire Company for December       10,000
Deposits made but not yet recorded by the bank                      350,000
Checks written but not yet recorded by the bank                      650,000

The entity discovered that it had drawn and erroneously recorded a check for
P46,000 that should have been recorded for P64,000

What is the cash balance per ledger on December 31?

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