The following information pertains to jeng Company: Balance per bank statement, Dec. 31, 2013, P73,350 Cash ledger balance, Dec. 31, 2013, P63,675 Proceeds of a customer’s note collected by the bank including P50 interest, P6,525 Bank service charges, P45 Deposit in transit, P4,158 NSF check of customer deposited and returned, P378 Outstanding checks, P7,731 Requirement: a. Prepare the bank reconciliation statement. b. Journalize the adjusting entries

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Q: At November 17, Icon Company has this bank information: cash balance per bank $6,950; outstanding…

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Q: At November 30, Mazaya Company has the following bank information: cash balance per book R 04,600;…

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.