29.Compute the Outstanding Checks on February 28. * A.P1,300B.P5,700C.P2,700D.P70030.Compute the Unadjusted bank disbursements in February. A.P81,000B.P87,800C.P80,100D.P81,500 Your client, Aira Marie Zhon Company, presented you the following data:January 31February 28Cash per ledgerCash receipts for FebruaryP200,000P270,000150,000Bank statement balance203,300273,200Total credits per bank statement in February157,700Credit memo for note collected10,00015,000NSF check2,0003,000Understatement of salaries expense per book(corrected the following month)1,500600Deposit in transitOutstanding checks9,000?3,000?Erroneous bank credit6,0004,000Erroneous bank charge3,2001,400

Bank reconciliation is a statement that shows the differences between the cash balance as per the…

Your client, Aira Marie Zhon Company, presented you the following data: January 31 Cash per ledger Cash receipts for February Bank statement balance Total credits per bank statement in February Credit memo for note collected NSF check Understatement of salaries expense per book (corrected the following month) Deposit in transit Outstanding checks Erroneous bank credit Erroneous bank charge P 200,000 203,300 157,700 10,000 2,000 1,500 9,000 3,000 6,000 3,200 P February 28 270,000 150,000 273,200 15,000 3,000 600 ? ? 4,000 1,400

Your client, Aira Marie Zhon Company, presented you the following data: January 31 Cash per ledger Cash receipts for February Bank statement balance Total credits per bank statement in February Credit memo for note collected NSF check Understatement of salaries expense per book (corrected the following month) Deposit in transit Outstanding checks Erroneous bank credit Erroneous bank charge P 200,000 203,300 157,700 10,000 2,000 1,500 9,000 3,000 6,000 3,200 P February 28 270,000 150,000 273,200 15,000 3,000 600 ? ? 4,000 1,400

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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On April 30, the bank reconciliation of Sunland Company shows three outstanding checks: no. 254, $730; no. 255, $910; and no. 257, $310. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date Check No. Amount 5/4 254 $730 5/2 257 310 5/17 258 249 5/12 259 200 5/20 261 500 5/29 263 430 5/30 262 690 Cash Payments Journal Checks Issued Date Check No. Amount 5/2 258 $249 5/5 259 200 5/10 260 840 5/15 261 500 5/22 262 690 5/24 263 430 5/29 264 580 List the outstanding checks at May 31. No. Amount Select a check number $Enter a dollar amount Select a check number Enter a dollar…
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