The bank statement for the month of June contains the following data: Total deposits 55,000 Total charges including 48,000 an NSF check of P4,000 and a service charge of P200 All outstanding checks on May 31, including the bank credit, were cleared in the bank in June. There were outstanding checks of P15,000 and deposits in transit of P19,000
The bank statement for the month of June contains the following data: Total deposits 55,000 Total charges including 48,000 an NSF check of P4,000 and a service charge of P200 All outstanding checks on May 31, including the bank credit, were cleared in the bank in June. There were outstanding checks of P15,000 and deposits in transit of P19,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The bank statement for the month of June
contains the following data:
Total deposits
55,000
Total charges including 48,000
an NSF check of
P4,000 and a service
charge of P200
All outstanding checks on May 31,
including the bank credit, were cleared in
the bank in June.
There were outstanding checks of
P15,000 and deposits in transit of P19,000
on June 30.
a. Cash receipts per books for June is
b. Cash disbursements per books in June
is
c. Cash balance per books as of June 30
is
d. Cash balance as adjusted as of June
30 is
Transcribed Image Text:Use the following information for the next
ff questions.
Show below is the bank reconciliation for
YOUR Company for the month of May:
Balance per bank, May P75,000
31
Add: Deposits in
12,000
transits
Total
87,000
Less: Outstanding
P14,000
Checks
Bank credit recorded in 5,000
error
Cash Balance per
68,000
books, 5/31
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