The bank statement for FERDZ Co. indicates a balance of P8,000.00 on June 30 2021. After the journals for June had been posted, the cash account had a bala P3,675.00. Prepare a bank reconciliation on the basis of the following reconcilin items: (a) Cash sales of P342 had been erroneously recorded in the cash receipts jour P324. (b) Deposits in transit not recorded by bank, P500.00. (c) Bank debit memorandum for service charges, P25.00. (d) Bank credit memorandum for note collected by bank, P2850, including P50 interest. (e) Bank debit memorandum for P218.00 NSF (not sufficient funds) check from Lang, a customer. (f) Checks outstanding P2 200 00

The bank statement for FERDZ Co. indicates a balance of P8,000.00 on June 30 2021. After the journals for June had been posted, the cash account had a bala P3,675.00. Prepare a bank reconciliation on the basis of the following reconcilin items: (a) Cash sales of P342 had been erroneously recorded in the cash receipts jour P324. (b) Deposits in transit not recorded by bank, P500.00. (c) Bank debit memorandum for service charges, P25.00. (d) Bank credit memorandum for note collected by bank, P2850, including P50 interest. (e) Bank debit memorandum for P218.00 NSF (not sufficient funds) check from Lang, a customer. (f) Checks outstanding P2 200 00

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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