1. What is the amount of deposits in transit on April 30?2. What is the amount of outstanding checks on April 30?3. What is the amount of deposits acknowledged by the bank in April? The cash receipts and cash payments of Detuya Company for April 2020 follow:CASH PAYMENTSCASH RECEIPTSCash DebitP 208.700DateCheck No.Cash CreditP 44,5507,35096,50033,20073,60050,00031,60083,7505,000120,650Apr. 24113820.35041141027.9504115411616109.35092,70053,00016,850224117294118304119412041214122Detuya Company received the following bank statement on April 30, 2020:BANK STATEMENTApril 2020P 95,550Beginning balanceAdd: Deposits and other credits:Apr.P 16,300208,70020,35027,950Electronic fund transfer4.912109,35068,400 Bank collection92,700172223543,750Less: Checks and other debits:P 44,550Apr.13769,50045,150 Unauthorized signature7,35033,2001415182110,950Electronic fund transfer2673,60050,0001,000 Service charge3030335,300Ending balanceP 304,000 The cash account of Detuya Company shows the following information at April 30, 2020:CASHDateItemRef.DebitCreditBalanceApr.30P 95,550624,45078,2501BalanceCR 6P 528,90030CP11P546,200Additional data for reconciliation include the following:A. The electronic fund transfer deposit was a receipt of monthly rent. The electronic fundtransfer debit was a monthly insurance payment.B. The unauthorized signature check was received from Lester Soon.C. The P68,400 bank collection of a note receivable on April 22 included P9,250 interestrevenue.D. The correct amount of Check No. 4115, a payment on account, is P69,500. Detuya'saccountant mistakenly recorded the check for P96,500.

The following computations are done for Detuya Company.

The cash receipts and cash payments of Detuya Company for April 2020 follow: CASH PAYMENTS Cash Credit P 44,550 7,350 96,500 33.200 CASH RECEIPTS Date Apr. 2 8 10 16 Cash Debit P 208.700 Check No. 4113 20,350 27.950 109,350 4114 4115 4116 22 29 92,700 53,000 4117 4118 73,600 50.000 30 16.850 4119 4120 4121 4122 31,600 83,750 5,000 120.650 Detuya Company received the following bank statement on April 30, 2020: BANK STATEMENT April 2020 P 95,550 Beginning balance Add: Deposits and other credits: Apr. 1 P 16,300 Electronic fund transfer 208,700 4 9 12 20.350 27,950 17 22 109.350 68,400 Bank collection 92.700 23 543,750 Less: Checks and other debits: Apr. 7 13 P 44,550 69.500 14 15 18 45.150 Unauthorized signature 7,350 33.200 21 26 10,950 Electronic fund transfer 73,600 30 30 50,000 1.000 Service charge 335.300 Ending balance P 304,000

The cash receipts and cash payments of Detuya Company for April 2020 follow: CASH PAYMENTS Cash Credit P 44,550 7,350 96,500 33.200 CASH RECEIPTS Date Apr. 2 8 10 16 Cash Debit P 208.700 Check No. 4113 20,350 27.950 109,350 4114 4115 4116 22 29 92,700 53,000 4117 4118 73,600 50.000 30 16.850 4119 4120 4121 4122 31,600 83,750 5,000 120.650 Detuya Company received the following bank statement on April 30, 2020: BANK STATEMENT April 2020 P 95,550 Beginning balance Add: Deposits and other credits: Apr. 1 P 16,300 Electronic fund transfer 208,700 4 9 12 20.350 27,950 17 22 109.350 68,400 Bank collection 92.700 23 543,750 Less: Checks and other debits: Apr. 7 13 P 44,550 69.500 14 15 18 45.150 Unauthorized signature 7,350 33.200 21 26 10,950 Electronic fund transfer 73,600 30 30 50,000 1.000 Service charge 335.300 Ending balance P 304,000

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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