The following bank reconciliation is presented for OOO Company for the monthof November of the current year: Balance per bank statement, November 31 3,600,000 Add: Deposit in transit 800,000 4,400,000 Less: Outstanding checks 1,200,000 Bank credit recorded in error 200,000 1,400,000 Balance per book, November 30 3,000,000 Data per bank statement for the month of December follow: December deposits (including note collected of P1,000,000 for OOO) 5,500,000 December disbursements (including NSF, P350,000 and Service charge, P50,000) 4,400,000 All items that were outstanding on November 30 cleared through the bank inDecember, including the bank credit. In addition, checks amounting toP500,000 were outstanding and deposits of P700,000 were in transit ofDecember 31. 16.What is the cash balance per ledger on December 31? 17. What is the amount of cash receipts per book in December? 18. What is the amount of cash disbursements per book in December?
The following bank reconciliation is presented for OOO Company for the monthof November of the current year:
Balance per bank statement, November 31 3,600,000 Add: Deposit in transit 800,000 4,400,000
Less: Outstanding checks 1,200,000 Bank credit recorded in error 200,000 1,400,000 Balance per book, November 30 3,000,000
Data per bank statement for the month of December follow:
December deposits (including note
collected of P1,000,000 for OOO) 5,500,000 December disbursements (including NSF, P350,000
and Service charge, P50,000) 4,400,000
All items that were outstanding on November 30 cleared through the bank inDecember, including the bank credit. In addition, checks amounting toP500,000 were outstanding and deposits of P700,000 were in transit ofDecember 31.
16.What is the cash balance per ledger on December 31?
17. What is the amount of cash receipts per book in December?
18. What is the amount of cash disbursements per book in December?
19. What is the adjusted bank balance?
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