Timex Company provided the following data relating to the cash transactions and bank account for the month of July : Problem 2-17 Cash balance per ledger Cash balance per bank statement Debit memo for July service charge Deposit of July 31 not recorded by bank until August 1 Dutstanding checks, including certified check of P50,000 Proceeds of bank loan not recorded in ledger Proceeds from customer note, face P400,000, collected by bank, collection fee of P15,000 acreditor check had been entered in the book as P20,000 and was erroneously deducted by the bank at 5,000 450,000 750,000 500,000 435,000 200,000 customer check was returned by bank marked DAIF orrect cash balance 50,000 3,000,000 What is the cash balance per ledger? a. 2,120,000 b. 3,055,000 c. 2,555,000 d. 2,065,000 What is the cash balance per bank statement? a. 3,700,000 b. 3,070,000 c. 3,050,000 d. 2,370,000

Timex Company provided the following data relating to the cash transactions and bank account for the month of July : Problem 2-17 Cash balance per ledger Cash balance per bank statement Debit memo for July service charge Deposit of July 31 not recorded by bank until August 1 Dutstanding checks, including certified check of P50,000 Proceeds of bank loan not recorded in ledger Proceeds from customer note, face P400,000, collected by bank, collection fee of P15,000 acreditor check had been entered in the book as P20,000 and was erroneously deducted by the bank at 5,000 450,000 750,000 500,000 435,000 200,000 customer check was returned by bank marked DAIF orrect cash balance 50,000 3,000,000 What is the cash balance per ledger? a. 2,120,000 b. 3,055,000 c. 2,555,000 d. 2,065,000 What is the cash balance per bank statement? a. 3,700,000 b. 3,070,000 c. 3,050,000 d. 2,370,000

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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Company developed the following reconciling information and preparing it's April bank recognition: cash balance per bank for 15400, note receivable collected by Bank 8400, outstanding checks 12,600 deposit in transit 6300; bank service charge 150 NSF check 1680; using the above information determine The cash balance per books before adjustment for the company
From the give Problem 2, What is the adjusted cash in bank on December 31?
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