Homework Help is Here – Start Your Trial Now!
Business
Accounting
Otember 30, 2020: P324,720 Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 items that were outstanding as of September 30 cleared through the bank in October, including the oneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the ount of cash disbursements per books in October 2020? P74,700 27,000

Otember 30, 2020: P324,720 Balance per bank statement, 09/30/2020 Add: Deposit in transit Erroneous bank charge 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 items that were outstanding as of September 30 cleared through the bank in October, including the oneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the ount of cash disbursements per books in October 2020? P74,700 27,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
32. The following bank reconciliation is presented for the Jungkook Company for the month of September 30, 2020: Balance per bank statement, 09/30/2020 P324,720 Add: Deposit in transit P74,700 Erroneous bank charge 27,000 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 All items that were outstanding as of September 30 cleared through the bank in October, including the erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the amount of cash disbursements per books in October 2020?
Transcribed Image Text:32. The following bank reconciliation is presented for the Jungkook Company for the month of September 30, 2020: Balance per bank statement, 09/30/2020 P324,720 Add: Deposit in transit P74,700 Erroneous bank charge 27,000 101,700 Subtotal P426,420 Less: Outstanding checks 140,760 Balance per books, 09/30/2020 P285,660 Data for the month of October 2020 follow: Per bank: P469,800 October deposits/credits October charges/debits Balance, October 31, 2020 403,560 390,960 All items that were outstanding as of September 30 cleared through the bank in October, including the erroneous bank charge. In addition, P45,000 checks were outstanding as of October 31, 2020. What is the amount of cash disbursements per books in October 2020?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS