Grass Company provided the following information: Balance per ledger, July 31 Balance per bank statement, July 31 Deposit of July 30 not recorded by bank Debit memo-service charge Credit memo-collection of note by bank for Grass Outstanding checks An analysis of the canceled checks returned with the bank statement revealed the following: * Check for purchase of supplies was drawn for P60,000 but was recorded by Grass Company as P90,000. 750,000 1,240,000 280,000 10,000 300,000 550,000 The manager of Grass Company wrote a check for traveling expenses of P100,000 while out of town. The check was not recorded. Tipoggy What amount of cash in bank should be reported on July 31? 000,008.6 000.788 d 000.088 a. 970,000 b. 270,000 c. 550,000 d. 610,000 Problem 2-19 (IAA) -Saldo Gallant Company showed a cash account balance of P4,500,000 at the month-end. The bank statement did not include a deposit of P230,000 made on the last day of the month. The bank statement showed a collection of a note receivable by the bank of P94,000 for the depositor and a customer check for P32,000 returned because it was NSF. don tud pottery. A customer check for P45,000 was recorded by the depositor as P54,000 and a check written for P79,000 was recorded as P97,000. What amount should be reported as cash in bank? SIG a. 4,765,000 b. 4,571,000 c. 4.819,000 d. 4,801,000 000,00 % 8 000.091.8 d 000,045 000,008 S

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.