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The correct balance of the Cash in Bank account on November 1,2020, was P40,000. Subsequent transactions during November and December relating to the records of Ester Company and RCBC Bank are summarized below: Ester Books RCBC Books November deposits P 73,600.00 P 71,100.00 November checks 62,900.00 61,300.00 November service charged 100.00 November 30 balances 50,700.00 49,700.00 December deposits 82,200.00 82,800.00 December checks 94,100.00 92,200.00 December service charged 150.00 Notes collected by RCBC Bank in December 10,150.00 November service charged recorded in December 100.00 December 31 balances 38,700.00 50,300.00

The correct balance of the Cash in Bank account on November 1,2020, was P40,000. Subsequent transactions during November and December relating to the records of Ester Company and RCBC Bank are summarized below: Ester Books RCBC Books November deposits P 73,600.00 P 71,100.00 November checks 62,900.00 61,300.00 November service charged 100.00 November 30 balances 50,700.00 49,700.00 December deposits 82,200.00 82,800.00 December checks 94,100.00 92,200.00 December service charged 150.00 Notes collected by RCBC Bank in December 10,150.00 November service charged recorded in December 100.00 December 31 balances 38,700.00 50,300.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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2. The correct balance of the Cash in Bank account on November 1,2020, was P40,000. Subsequent transactions during November and December relating to the records of Ester Company and RCBC Bank are summarized below: Ester Books RCBC Books November deposits 73,600.00 P 71,100.00 November checks 62,900.00 61,300.00 November service charged 100.00 November 30 balances 50,700.00 49,700.00 December deposits 82,200.00 82,800.00 December checks 94,100.00 92,200.00 December service charged 150.00 Notes collected by RCBC Bank in December 10,150.00 November service charged recorded in December 100.00 December 31 balances 38,700.00 50,300.00
Transcribed Image Text:2. The correct balance of the Cash in Bank account on November 1,2020, was P40,000. Subsequent transactions during November and December relating to the records of Ester Company and RCBC Bank are summarized below: Ester Books RCBC Books November deposits 73,600.00 P 71,100.00 November checks 62,900.00 61,300.00 November service charged 100.00 November 30 balances 50,700.00 49,700.00 December deposits 82,200.00 82,800.00 December checks 94,100.00 92,200.00 December service charged 150.00 Notes collected by RCBC Bank in December 10,150.00 November service charged recorded in December 100.00 December 31 balances 38,700.00 50,300.00
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