The following selected data were taken from the bank statement and cash records of Taehyung V for the months of November and December 2020. December receipts recorded in the books amounted to P482,750 and checks written during the same period were P405,500. November bank service charges of P2,000 were recorded in the books in December. A debit memo for a customer’s NSF check for P5,800 is included in the December bank statement. Outstanding checks at November 30 and December 31 were P63,000 and P75,500, respectively. How much is the unadjusted cash disbursements per bank statement during the month of December?
The following selected data were taken from the bank statement and cash records of Taehyung V for the months of November and December 2020. December receipts recorded in the books amounted to P482,750 and checks written during the same period were P405,500. November bank service charges of P2,000 were recorded in the books in December. A debit memo for a customer’s NSF check for P5,800 is included in the December bank statement. Outstanding checks at November 30 and December 31 were P63,000 and P75,500, respectively. How much is the unadjusted cash disbursements per bank statement during the month of December?
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 18RQSC
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The following selected data were taken from the bank statement and cash records of Taehyung V for the months of November and December 2020.
- December receipts recorded in the books amounted to P482,750 and checks written during the same period were P405,500.
- November bank service charges of P2,000 were recorded in the books in December.
- A debit memo for a customer’s NSF check for P5,800 is included in the December bank statement.
- Outstanding checks at November 30 and December 31 were P63,000 and P75,500, respectively.
How much is the unadjusted cash disbursements per bank statement during the month of December?
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