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In examining the records of ABC Company on December 31, 2021, the following data are gathered: P1,000,000 3,000 Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank 235,000 300,000 375,000 15,000 62,000 250,000

In examining the records of ABC Company on December 31, 2021, the following data are gathered: P1,000,000 3,000 Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank 235,000 300,000 375,000 15,000 62,000 250,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...
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36) In examining the records of ABC Company on December 31, 2021, the following data are gathered: Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank P1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 What is the adjusted cash in bank on December 31, 2021?
Transcribed Image Text:36) In examining the records of ABC Company on December 31, 2021, the following data are gathered: Balance per book Bank charges Outstanding checks Deposits-in-transit Customer note collected by bank Interest on customer note collected by bank Customer check returned by bank marked NSF Depositor's notes payable charged to account by bank P1,000,000 3,000 235,000 300,000 375,000 15,000 62,000 250,000 What is the adjusted cash in bank on December 31, 2021?
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