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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![MDB Company provided the following data pertaining to the cash transactions and bank account for the
month of May:
Cash balance per accounting record
Cash balance per bank statement
Bank service charge
Bank Debit Memo
Outstanding checks
Deposits made on May 30 and not yet reflected in the bank statement
Collections made by the bank from a customer promissory note, the principal
amount of Php800,000 with interest
Check No. 1234 issued to a supplier entered in the accounting record as
P210,000 but deducted in the bank statement at an erroneous amount of
Customer check returned by the bank marked as NSF. No entry has been made
to record the returned check
Php 2,103,000
3,195,000
10,000
5,000
685,000
500,000
810,000
21,000
77,000
What is the adjusted cash in bank?](https://content.bartleby.com/qna-images/question/cd56e568-e304-4824-a0bd-e9dcbced2627/052a03f3-8368-42e4-ba46-aa16b6e666ba/cgif84n_thumbnail.png)
Transcribed Image Text:MDB Company provided the following data pertaining to the cash transactions and bank account for the
month of May:
Cash balance per accounting record
Cash balance per bank statement
Bank service charge
Bank Debit Memo
Outstanding checks
Deposits made on May 30 and not yet reflected in the bank statement
Collections made by the bank from a customer promissory note, the principal
amount of Php800,000 with interest
Check No. 1234 issued to a supplier entered in the accounting record as
P210,000 but deducted in the bank statement at an erroneous amount of
Customer check returned by the bank marked as NSF. No entry has been made
to record the returned check
Php 2,103,000
3,195,000
10,000
5,000
685,000
500,000
810,000
21,000
77,000
What is the adjusted cash in bank?
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