The following bank reconciliation is presented for the Jungkook Company for the month of September 30,2020:Balance per bank statement, 09/30/2020Add: Deposit in transitErroneous bank chargeP324,720P74,70027,000101,700P426,420SubtotalLess: Outstanding checksBalance per books, 09/30/2020140,760P285,660Data for the month of October 2020 follow:Per bank:October deposits/creditsOctober charges/debitsBalance, October 31, 2020P469,800403,560390,960All items that were outstanding as of September 30 cleared through the bank in October, including theerroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is theamount of cash disbursements per books in October 2020?

Cash disbursements per books in October 2020 = October charges as per bank + Outstanding checks on…

The following bank reconciliation is presented for the Jungkook Company for the month of September 30, 2020: Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge P324,720 P74,700 27,000 101,700 P426,420 Subtotal Less: Outstanding checks Balance per books, 09/30/2020 140,760 P285,660 Data for the month of October 2020 follow: Per bank: October deposits/eredits October charges/debits Balance, October 31, 2020 P469,800 403,560 390,960 All items that were outstanding as of September 30 cleared through the bank in October, including the erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the amount of cash disbursements per books in October 2020?

The following bank reconciliation is presented for the Jungkook Company for the month of September 30, 2020: Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge P324,720 P74,700 27,000 101,700 P426,420 Subtotal Less: Outstanding checks Balance per books, 09/30/2020 140,760 P285,660 Data for the month of October 2020 follow: Per bank: October deposits/eredits October charges/debits Balance, October 31, 2020 P469,800 403,560 390,960 All items that were outstanding as of September 30 cleared through the bank in October, including the erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the amount of cash disbursements per books in October 2020?

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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What is the cash balance per books at November 30, 2021?
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