SPECIAL AWARD CORP. is preparing its March 31, 2021 bank reconciliation. The following data are available From the February 28, 2021 bank reconciliation: Deposit in transit, P1,700 Outstanding checks, P3,900 March data: Per Bank Statement Per General Ledger Balance, February 28 P74,140 P71,940 March deposits reflected 47,600 49,000 March checks reflected (61,700) (61,000) Note collected 20,000 Service charge (120) Balance, March 31 P79.920 P59.940

SPECIAL AWARD CORP. is preparing its March 31, 2021 bank reconciliation. The following data are available From the February 28, 2021 bank reconciliation: Deposit in transit, P1,700 Outstanding checks, P3,900 March data: Per Bank Statement Per General Ledger Balance, February 28 P74,140 P71,940 March deposits reflected 47,600 49,000 March checks reflected (61,700) (61,000) Note collected 20,000 Service charge (120) Balance, March 31 P79.920 P59.940

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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