what is the amount of cash receipts per books in december? *

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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you are given the following data in connection with your audit of the cancer company: balance per bank statement, november 30, 3,600,000; deposit in transit, 800,000; outstanding checks, 1,200,000; bank credit recorded in error, 200,000; data per bank statement for the month of december follow: december deposits, including note collected of p1,000,000 for cancer, 5,500,000; december disbursements, including nsf customer check of p350,000 and service charge p50,000,4,400,000. all items that were outstanding on november 30 cleared through the bank in december including the bank credit. in addition, checks amounting to p500,000 were outstanding and deposits of p700,000 were in transit on december 31. what is the amount of cash receipts per books in december? *

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