The auditor of VISTAH Company gathered the following information: 1. The November 30 bank statement balance included bank service charges of P4,000. 2. The November 30 cash balance in the general ledger was P489,000. Outstanding checks on November 30 were P126,000 while undeposited receipts were P72,000. The bank service charges as shown on the bank statement totaled P6,000.. The December 31 cash balance in the general ledger was P639,500, which recognized P965,500 for December receipts and P811,000 for checks written during December. In transit to the bank were receipts of P57,500. Checks of P30,000 written prior to December and checks of P121,000 written in December had not yet cleared the bank. Based on the above and the result of your audit, determine the following: •The total book disbursements for December. •The November 30 bank balance •The bank balance of December 31

The auditor of VISTAH Company gathered the following information: 1. The November 30 bank statement balance included bank service charges of P4,000. 2. The November 30 cash balance in the general ledger was P489,000. Outstanding checks on November 30 were P126,000 while undeposited receipts were P72,000. The bank service charges as shown on the bank statement totaled P6,000.. The December 31 cash balance in the general ledger was P639,500, which recognized P965,500 for December receipts and P811,000 for checks written during December. In transit to the bank were receipts of P57,500. Checks of P30,000 written prior to December and checks of P121,000 written in December had not yet cleared the bank. Based on the above and the result of your audit, determine the following: •The total book disbursements for December. •The November 30 bank balance •The bank balance of December 31

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

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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 Decemberreceipts 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 yetcleared the bank What is the total disbursements per books for the month of December?a. P403,500b. P404,500c. P405,500d. P407,500
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QUESTIONS:Based on the above and result of your audit, determine the following:The net adjustment to cash account on May 31,2018
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