While checking the cash accounts of Ruler Company on December 31, 2016, you find the following information: Balance in checking account (Outstanding checks Per books of P9, 876) ………………………………………….. 65,323 Deposit in bank closed by BSP …………………………………………. 16,000 Deposit in transit …………………………………………………………….. 12,345 Currency and coins counted ……………………………………………. 9,500 Petty cash fund (of which P450 is in the form of paid vouchers)……………………………………………….. 1,000 Bank charges not yet taken up in the books ……………………. 58 Bond sinking fund-cash …………………………………………………… 10,000 Receivables from employees ………………………………………….. 700 Book error in recording a check, the correct amount as paid by the bank is P890 instead of P980 as recorded in the books, or a difference of ………. 90 Question: 1. Referring to Ruler company. How much is the unadjusted cash in bank balance per book?
While checking the cash accounts of Ruler Company on December 31, 2016, you find the following information: Balance in checking account (Outstanding checks Per books of P9, 876) ………………………………………….. 65,323 Deposit in bank closed by BSP …………………………………………. 16,000 Deposit in transit …………………………………………………………….. 12,345 Currency and coins counted ……………………………………………. 9,500 Petty cash fund (of which P450 is in the form of paid vouchers)……………………………………………….. 1,000 Bank charges not yet taken up in the books ……………………. 58 Bond sinking fund-cash …………………………………………………… 10,000 Receivables from employees ………………………………………….. 700 Book error in recording a check, the correct amount as paid by the bank is P890 instead of P980 as recorded in the books, or a difference of ………. 90 Question: 1. Referring to Ruler company. How much is the unadjusted cash in bank balance per book?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
While checking the cash accounts of Ruler Company on December 31, 2016, you find the following information:
Balance in checking account (Outstanding checks
Per books of P9, 876) ………………………………………….. 65,323
Deposit in bank closed by BSP …………………………………………. 16,000
Deposit in transit …………………………………………………………….. 12,345
Currency and coins counted ……………………………………………. 9,500
Petty cash fund (of which P450 is in the form of paid
vouchers)……………………………………………….. 1,000
Bank charges not yet taken up in the books ……………………. 58
Bond sinking fund-cash …………………………………………………… 10,000
Receivables from employees ………………………………………….. 700
Book error in recording a check, the correct amount
as paid by the bank is P890 instead of P980
as recorded in the books, or a difference of ………. 90
Question:
1. Referring to Ruler company. How much is the unadjusted cash in bank balance per book?
Transcribed Image Text:41. While checking the cash accounts of Ruler Company on December 31, 2016, you find the following
information:
Balance in checking account (Outstanding checks
Per books of P9, 876) .
Deposit in bank closed by BSP
Deposit in transit
Currency and coins counted
Petty cash fund (of which P450 is in the form of paid
65,323
16,000
12,345
9,500
vouchers)..
Bank charges not yet taken up in the books
Bond sinking fund-cash
1,000
58
10,000
Receivables from employees
Book error in recording a check, the correct amount
as paid by the bank is P890 instead of P980
as recorded in the books, or a difference of
700
90
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