In preparing the bank reconciliation for the month of November, APPLE Industries provided the following information: • Balance per bank statement- P1,805,000 Deposit in transit - 325,000 Return of customer check for insufficient fund - 60,000 Outstanding balance 275,000 Bank service charge for November 10,000 What is the adjusted cash balance?
In preparing the bank reconciliation for the month of November, APPLE Industries provided the following information: • Balance per bank statement- P1,805,000 Deposit in transit - 325,000 Return of customer check for insufficient fund - 60,000 Outstanding balance 275,000 Bank service charge for November 10,000 What is the adjusted cash balance?
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 21E
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