Question
AA Company had a unadjusted cash balance in its cash in BB Bank as of December 31, 2022 of P2,500,000, the following transactions were recorded
AA Company had a unadjusted cash balance in its cash in BB Bank as of December 31, 2022 of P2,500,000, the following transactions were recorded in this account as of 12/31/2022:
- Check payable to AA dated January 3, 2023 was recorded as receipts as of December 31, P145,000.
- Check payable to Casio (a supplier) amounting to P210,000 dated December 27, 2022 recorded on 12/27/2022.
- Check payable to Grab (a supplier), dated January 2, 2023 was delivered on December 30, 2022 amounting to P120,000.
What is the correct balance of cash in BB as of December 31, 2022?
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Accounting For Financial Instruments
Authors: Cormac Butler
1st Edition
0470699809, 978-0470699805
