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FINANCIAL ACCOUNTING
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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21.P315,261.50

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L. Judith Mae Borda Corp. misplaced all the bank statements for the past years. You reviewed the accounting records and discovered that the following journal entries were made to reconcile the June 30, 2012 bank records and accounting records. Accounts receivable 76,012 Miscellaneous expense Notes receivable 625 10,000 Interest revenue 500 Cash 66,137 10 Pre-adjustment cash balance in the accounting records was P 371,023.50, outstanding checks were P 10,375 and no other adjustments were required. What is the balance of the cash account per bank statement as of June 30, 2012? 21.
Transcribed Image Text:L. Judith Mae Borda Corp. misplaced all the bank statements for the past years. You reviewed the accounting records and discovered that the following journal entries were made to reconcile the June 30, 2012 bank records and accounting records. Accounts receivable 76,012 Miscellaneous expense Notes receivable 625 10,000 Interest revenue 500 Cash 66,137 10 Pre-adjustment cash balance in the accounting records was P 371,023.50, outstanding checks were P 10,375 and no other adjustments were required. What is the balance of the cash account per bank statement as of June 30, 2012? 21.
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