The accountant of CLN Company gathered the following information: - The November 30 bank statement balance included the bank service charges of P2,000. - The November 30 cash balance in the ledger was P244,500. - On November 30, outstanding checks were P63,000 while undeposited collections were P36,000. - The December bank service charges as shown on the bank statement was P3,000. - The December 31 cash balance in the general ledger was P319,750 which recognized P482,750 for December receipts and P405,500 for checks written during December. In transit to the bank at December 31 were receipts of P28,750. Checks of P15,000 written prior to December and checks of P60,500 written in December had not yet cleared the bank What is the November 30 unadjusted balance per bank statement? a. P271,500 b. P269,500 c. P268,500 d. P266,500
The accountant of CLN Company gathered the following information:
- The November 30 bank statement balance included the bank service charges of P2,000.
- The November 30 cash balance in the ledger was P244,500.
- On November 30, outstanding checks were P63,000 while undeposited collections were P36,000.
- The December bank service charges as shown on the bank statement was P3,000.
- The December 31 cash balance in the general ledger was P319,750 which recognized P482,750 for December
receipts and P405,500 for checks written during December. In transit to the bank at December 31 were receipts of
P28,750. Checks of P15,000 written prior to December and checks of P60,500 written in December had not yet
cleared the bank
What is the November 30 unadjusted balance per bank statement?
a. P271,500
b. P269,500
c. P268,500
d. P266,500
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