Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A M Data for April 2018 were taken and are listed as follows The company's bank reconciliation for March showed one outstanding check (No. 278
A M Data for April 2018 were taken and are listed as follows The company's bank reconciliation for March showed one outstanding check (No. 278 written on March 20) for P2,250 and one deposit in transit for P4,950 (Made on REQUIRED Assume that any errors or discrepancies you find are the Company's errors Adjusted cash balance is? BOOK BANK Unadjusted Balance Outstanding Checks Date Particulars Checks Deposits Balance 2018 1 Beginning 6,150 . 1 Deposit 26,167 32,317 1 Check 179 250 32,567 1 4 Check 180 10,673 21,898 2 27 Deposit 11,774 33,672 3 29 Check 181 13,217 20,490 1 5 me following is from the company's Anvil Bank Statement 7 Date Particulars Checks Deposits Balance 3 2018 2 1 Beginning 3,950 3 Check 179 250 3,700 1 3 Deposit 4,350 8,050 2 5 Check 180 10,673 2,629 3 5 Automatic loan 8,150 5,527 4 5 Deposit 26,417 31,944 5 20 NSF Check 1,000 30,944 S 20 Service Charg! 600 30,344 7 30 Interest 82 30,426 Deposit in transit Automaticloan Interest NSF Check Bank service Charge Error in recording Errors in the following ADJUSTED BALANCE
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