Sternum Company's bank statement for the month of March included the following information:  Ending balance, March 31 - P 28,046 Bank service charge for March - 130 Interest paid by bank to Sternum for March - 107 In company the bank statement to its own cash records, Sternum found the following:  Deposits made but not yet recorded by the bank - P 3,689 Checks written and mailed but not yet recorded by the bank - 6,530 In addition, Sternum discovered that it had erroneously recorded a check for P46 that should hve been recorded for P64. What is Sternum's correct Cash balance at March 31?    a. P 25,205 b. P 28,046 c. P 28,069 d. P 28,406

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sternum Company's bank statement for the month of March included the following information: 

Ending balance, March 31 - P 28,046

Bank service charge for March - 130

Interest paid by bank to Sternum for March - 107

In company the bank statement to its own cash records, Sternum found the following: 

Deposits made but not yet recorded by the bank - P 3,689

Checks written and mailed but not yet recorded by the bank - 6,530

In addition, Sternum discovered that it had erroneously recorded a check for P46 that should hve been recorded for P64. What is Sternum's correct Cash balance at March 31? 

 

a. P 25,205

b. P 28,046

c. P 28,069

d. P 28,406
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