What is the amount of cash receipts per book in December? Chris Company presented the following bank reconciliation for the month of November: Balance per bank statement, November 30 Add: Deposit in Transit Less: Outstanding checks Bank credit recorded in error Balance per book, November 30 1,200,000 200,000 Data per bank statement for the month of December follow: December deposits, including note collected of 1,000,000 for Chris December disbursements, including NSF customer check 350,000 & service charge 50,000 3,600,000 800,000 4,400,000 1,400,000 3,000,000 5,500,000 4,400,000 1 point All items that were outstanding on November 30 cleared through the bank in December, including the bank credit. In addition, checks amounting to 500,000 were outstanding and deposits of 700,000 were in transit on December 31.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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What is the amount of cash receipts
per book in December?
Chris Company presented the following bank reconciliation for the month of November:
Balance per bank statement, November 30
Add: Deposit in Transit
Less: Outstanding checks
Bank credit recorded in error
Balance per book, November 30
1,200,000
200,000
Data per bank statement for the month of December follow:
December deposits, including note collected of 1,000,000 for Chris
December disbursements, including NSF customer check
350,000 & service charge 50,000
3,600,000
800,000
4,400,000
1,400,000
3,000,000
5,500,000
4,400,000
1 point
All items that were outstanding on November 30 cleared through the bank in December, including the
bank credit. In addition, checks amounting to 500,000 were outstanding and deposits of 700,000 were in
transit on December 31.
Transcribed Image Text:What is the amount of cash receipts per book in December? Chris Company presented the following bank reconciliation for the month of November: Balance per bank statement, November 30 Add: Deposit in Transit Less: Outstanding checks Bank credit recorded in error Balance per book, November 30 1,200,000 200,000 Data per bank statement for the month of December follow: December deposits, including note collected of 1,000,000 for Chris December disbursements, including NSF customer check 350,000 & service charge 50,000 3,600,000 800,000 4,400,000 1,400,000 3,000,000 5,500,000 4,400,000 1 point All items that were outstanding on November 30 cleared through the bank in December, including the bank credit. In addition, checks amounting to 500,000 were outstanding and deposits of 700,000 were in transit on December 31.
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