What is the bank statement balance at June 30, 2023?a. P70,564.40b. P78,314.60c. P83,109.60d.. P87,904.60 A review of the accounting records reflected an adjusting entry made on June 30, 2021 to reconcile the bank statement and the cashbalance shown in the company's accounting records, as follows:Cash in bankAccounts receivableMiscellaneous expenseNotes receivableInterest revenue6,272.6015,202.40125.0020,000.001,600.00Pre-adjustment cash balance in the accounting records was P76,837. At June 30, outstanding checks and undeposited collectionswere P12,075 and P7,280, respectively.

Ideally cash balance as per books and bank balance as per bank statement must reconcile with each…

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What is the bank statement balance at June 30, 2023? a. P70,564.40 b. P78,314.60 c. P83,109.60 d.. P87,904.60

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter16: Financial Statements And Closing Entries For A Corporation

Section: Chapter Questions

Problem 5AP

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