The cashier misplaced all the bank statements for the past year. You reviewed the accounting records and discovered that the following journal entry was made to reconcile the June 30, 2021 bank records and accounting records. Accounts Receivable 152,024 Miscellaneous Expense 1,250 Notes Receivable 20,000 Interest Revenue 1,000 Cash in Bank 132,274 Pre-adjustment cash balance in the accounting records were P768,370, outstanding checks were P20,750 and no other adjustments were recorded. What is the correct cash in bank balance at June 20, 2021?
The cashier misplaced all the bank statements for the past year. You reviewed the accounting records and discovered that the following journal entry was made to reconcile the June 30, 2021 bank records and accounting records. Accounts Receivable 152,024 Miscellaneous Expense 1,250 Notes Receivable 20,000 Interest Revenue 1,000 Cash in Bank 132,274 Pre-adjustment cash balance in the accounting records were P768,370, outstanding checks were P20,750 and no other adjustments were recorded. What is the correct cash in bank balance at June 20, 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The cashier misplaced all the bank statements for the past year. You reviewed the accounting records and discovered that the following
Miscellaneous Expense 1,250
Notes Receivable 20,000
Interest Revenue 1,000
Cash in Bank 132,274
Pre-adjustment cash balance in the accounting records were P768,370, outstanding checks were P20,750 and no other adjustments were recorded.
What is the correct cash in bank balance at June 20, 2021?
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