Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2:21 PM 11 All apps 1 ABM 12 8 BUSINESS NOF.ll 222 255 K/s Lhs and wite um anSWCH II 1/2 crosswise and submit
2:21 PM 11 All apps 1 ABM 12 8 BUSINESS NOF.ll 222 255 K/s Lhs and wite um anSWCH II 1/2 crosswise and submit it on Nov 28. 1. On January 1, 2022 the company collected PHP 10,000 from its accounts receivable. The collection was deposited to open savings account in ABC Bank. What is the journal entry made to account for this transaction? 2. Let us assume that we left this deposit on the bank. There was no other transaction on this cash account.On December 31,2022 the cash in bank ABC Bank will have a ledger balance of Php 10,000. This is from the posted entry on January 1,2023. At the end of the year, we received the bank statement from ABC Bank. -Per bank stat balance of the 1005O TL: nt, the Count is Php Aa
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started