What is the bank statement balance at June 30, 2023?a. P70,564.40b. P78,314.60c. P83,109.60d.. P87,904.60 A review of the accounting records reflected an adjusting entry made on June 30, 2021 to reconcile the bank statement and the cashbalance shown in the company's accounting records, as follows:Cash in bankAccounts receivableMiscellaneous expenseNotes receivableInterest revenue6,272.6015,202.40125.0020,000.001,600.00Pre-adjustment cash balance in the accounting records was P76,837. At June 30, outstanding checks and undeposited collectionswere P12,075 and P7,280, respectively.

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What is the bank statement balance at June 30, 2023? a. P70,564.40 b. P78,314.60 c. P83,109.60 d.. P87,904.60

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Question

What is the bank statement balance at June 30, 2023?
a. P70,564.40
b. P78,314.60
c. P83,109.60
d.. P87,904.60

A review of the accounting records reflected an adjusting entry made on June 30, 2021 to reconcile the bank statement and the cash
balance shown in the company's accounting records, as follows:
Cash in bank
Accounts receivable
Miscellaneous expense
Notes receivable
Interest revenue
6,272.60
15,202.40
125.00
20,000.00
1,600.00
Pre-adjustment cash balance in the accounting records was P76,837. At June 30, outstanding checks and undeposited collections
were P12,075 and P7,280, respectively.

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