The account of Masigla Company prepared the following bank reconciliation dated June 30 of the current year. Balance per bank 9,800,000 Deposit in transit 400,000 Outstanding checks (1,400,000) Balance per book 8,800,000 There were total deposits of P6,500,000 and charges for disbursements of P9,000,000 for July per bank statement. All reconciliation items on June 30 cleared the bank on July 31. Checks outstanding amounted to P1,000,000 on July 31. What is the amount of cash disbursement per book in July?
The account of Masigla Company prepared the following bank reconciliation dated June 30 of the current year.
Balance per bank 9,800,000
Deposit in transit 400,000
Outstanding checks (1,400,000)
Balance per book 8,800,000
There were total deposits of P6,500,000 and charges for disbursements of P9,000,000 for July per bank statement.
All reconciliation items on June 30 cleared the bank on July 31. Checks outstanding amounted to P1,000,000 on July 31.
What is the amount of cash disbursement per book in July?
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