The following information pertains to Candy company on December 31, 2019: Cash balance per bank statement P2,000,000 Checks outstanding (including certified check of P50,000) P 250,000 Customer note collected by bank for Candy P 75,000 NSF checks of customers returned by bank P 100,000 Bank service charge shown in December bank statement P 10,000 Error made by Candy in recording a check that cleared the bank In December (check was drawn in December for P50,000 But recorded at P5,000) P 45,000 Deposit in transit P 650,000 What is the cash balance per ledger on December 31, 2019?
The following information pertains to Candy company on December 31, 2019:
Cash balance per bank statement P2,000,000
Checks outstanding (including certified check of P50,000) P 250,000
Customer note collected by bank for Candy P 75,000
NSF checks of customers returned by bank P 100,000
Bank service charge shown in December bank statement P 10,000
Error made by Candy in recording a check that cleared the bank
In December (check was drawn in December for P50,000
But recorded at P5,000) P 45,000
Deposit in transit P 650,000
What is the cash balance per ledger on December 31, 2019?
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