Question
1. A four-column reconciliation that would end at adjusted balances. a. Bank Method (5pts) b. Book Method (5pts) Reconciling items: November 30 December 31 Deposits
1. A four-column reconciliation that would end at adjusted balances.
a. Bank Method (5pts)
b. Book Method (5pts)
Reconciling items: November 30 December 31
Deposits in Transit P10,400 ?
Outstanding Checks 16,014 ?
NSF checks 1,052 P1,400
Customers' notes collected by bank 3,000 8554
Bank service charges 100 130
Erroneous bank debits 1,200 1,800
Erroneous bank credits 2,000 6,000
Book Balances ? 332,472
Bank Balances 261,120 ?
December transactions: Books Banks
Receipts P302,460 P299,902
Disbursements 222,846 220,196
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
12th edition
007802529X, 1259969525, 978-1260565492
