On December 31, 2020, the Branch Current in the Home Office books shows a balance of P50,000. The following facts are ascertained: Merchandise billed at P 12,500 is in transit on December 31 from the home office to the branch. The branch collected a home office accounts receivable for P3,500. The branch did not notify the home office of such collection. On December 30, the home office sent cash of P7,500 to the branch, but this was charged to general expense; the branch has not received the cash as of December 31. Branch profit for December was recorded by the home office at P2,400 instead of P2,040. The branch returned supplies of P1,500 to the home office but the home office has not yet recorded the receipt of the supplies.   Assume all other transactions have been properly recorded. What is the unadjusted balance of the Home Office Current account on the branch books on December 31, 2020?

Bank Reconciliation and Adjusting Entries (Appendix 6.1) Odum Corporation’s cash account showed a balance of $17,198 on March 31, 2019. The bank statement balance for the same date indicated a balance of $17,924.55. The following additional information is available concerning Odum’s cash balance on March 31:  • Undeposited cash on hand on March 31 amounted to $724.50. • A customer’s NSF check for $173.80 was returned with the bank statement. • A note for $2,000 plus interest of $25 was collected for Odum by the bank during March. The bank notified Odum of this collection on the bank statement.  • The bank service charge for March was $15. • A deposit of $951.75 mailed to the bank on March 31 did not appear on the bank statement. The following checks mailed to creditors had not been processed by the bank on March 31: #429  $57.40 #432  $147.50 #433  $214.80 #434 $191.90 A customer check for $149.50 in payment of his account and listed correctly for that amount on the bank state-ment had…

Bonita Industries’s checkbook balance on December 31, 2020 was $84500. In addition, Bonita held the following items in its safe on December 31.(1) A check for $1880 from Carla Vista Co. received December 30, 2020, which was not included in the checkbook balance.(2) An NSF check from Martinez Corp. in the amount of $3400 that had been deposited at the bank, but was returned for lack of sufficient funds on December 29. The check was to be redeposited on January 3, 2021. The original deposit has been included in the December 31 checkbook balance.(3) Coin and currency on hand amounted to $5650.The proper amount to be reported on Bonita's balance sheet for cash at December 31, 2020 is $81830. $88630. $86900. $85230.

Bank reconciliation and entriesThe cash account for Coastal Bike Co. at October 1, 2019, indicated abalance of $5,140. During October, the total cash deposited was $39,175,and checks written totaled $40,520. The bank statement indicated abalance of $8,980 on October 31, 2019. Comparing the bank statement,the canceled checks, and the accompanying memos with the recordsrevealed the following reconciling items: A. Checks outstanding totaled $5,560.B. A deposit of $1,050 representing receipts of October 31 had beenmade too late to appear on the bank statement.C. The bank had collected for Coastal Bike Co. $2, 120 on a note leftfor collection. The face of the note was $2,000. D. A check for $370 returned with the statement had beenincorrectly charged by the bank as $730.E. A check for $310 returned with the statement had been recordedby Coastal Bike Co. as $130. The check was for the payment of anobligation to Rack Pro Co. on account. F. Bank service charges for October amounted to $25.G. A…