are to prepare the following: 1. A four-column reconciliation that would end at adjusted balances. 2. Adjusting journal entries as of December 31, 2021. Reconciling items: November 30 December 31 Deposits in transit P10,400 ? Outstanding checks 16,014 ? NSF checks 1,052 P1,400 Customers’ notes collected by bank 3,000 8,554 Bank service charges 100 130 Erroneous bank debits 1,

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In connection with your audit of the Cash account of Bruhilda Co., you obtained the following
information. You are to prepare the following:
1. A four-column reconciliation that would end at adjusted balances.
2. Adjusting journal entries as of December 31, 2021.
Reconciling items: November 30 December 31
Deposits in transit P10,400 ?
Outstanding checks 16,014 ?
NSF checks 1,052 P1,400
Customers’ notes collected by bank 3,000 8,554
Bank service charges 100 130
Erroneous bank debits 1,200 1,800
Erroneous bank credits 2,000 6,000
Book balances ? 332,472
Bank balances 261,120 ?
December transactions: Books Bank
Receipts P302,460 P299,902
Disbursements 222,846 220,196

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