Problem 2-16 (IAA) (AAD 81&maldo19 Jade Company received the bank statement for the month of April which included the following information: Bank service charge for April Check deposited by Jade Company during April was not collectible and has been marked "NSF" and returned Deposits made but not yet recorded by bank Checks written and mailed but not yet recorded by bank 15,000 40,000 130,000 100,000 The entity found a customer check for P35,000 payable to Jade Company that had not yet been deposited and had not been recorded. The general ledger showed cash in bank account with balance of P920,000. What amount should be reported as adjusted cash in bank on April 30? a. 900,000 b. 865,000 c. 930,000 d. 965,000
Problem 2-16 (IAA) (AAD 81&maldo19 Jade Company received the bank statement for the month of April which included the following information: Bank service charge for April Check deposited by Jade Company during April was not collectible and has been marked "NSF" and returned Deposits made but not yet recorded by bank Checks written and mailed but not yet recorded by bank 15,000 40,000 130,000 100,000 The entity found a customer check for P35,000 payable to Jade Company that had not yet been deposited and had not been recorded. The general ledger showed cash in bank account with balance of P920,000. What amount should be reported as adjusted cash in bank on April 30? a. 900,000 b. 865,000 c. 930,000 d. 965,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer problems 2-16 and 2-17.
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