You received your August_2019 bank statement. The August 31, 2019 cash balance in your accounting books is P520,000 while the cash balance shown on the bank statement is P4TO,000. You determined the following information: a. Check NO. 2345 for P45,000, issued to a supplier, is not yet presented to the bank for payment. b. A P205,000 check deposit, with deposit slip no. 0989, is not yet credited to your account. Ç. A customer deposited P60,000 to your bank account. You have not yet recorded this collection of account receivable in your accounting books. d. The bank paid P10,000 monthly mobile phone charges directly out of your account. Requirements: a. Prepare the bank reconciliation.

You received your August_2019 bank statement. The August 31, 2019 cash balance in your accounting books is P520,000 while the cash balance shown on the bank statement is P4TO,000. You determined the following information: a. Check NO. 2345 for P45,000, issued to a supplier, is not yet presented to the bank for payment. b. A P205,000 check deposit, with deposit slip no. 0989, is not yet credited to your account. Ç. A customer deposited P60,000 to your bank account. You have not yet recorded this collection of account receivable in your accounting books. d. The bank paid P10,000 monthly mobile phone charges directly out of your account. Requirements: a. Prepare the bank reconciliation.

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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