Question
Alpha Corporations bank statement for the month of April included the following information: Bank service charge for April P1,300 Check deposited by Alpha during April
Alpha Corporations bank statement for the month of April included the following information:
Bank service charge for April | P1,300 |
Check deposited by Alpha during April was not collectible and has been marked NSF by the bank and returned |
4,000 |
In comparing the bank statement to its own cash account, Alpha found the following:
Deposits made but not yet recorded by the bank | P13,240 |
Checks written and mailed but not yet recorded by the bank | 9,870 |
All the deposits in transit and outstanding checks have been properly recorded in Alphas books. Alpha also found a check for P 3,500, payable to Alpha Corporation, that had not yet been deposited and had not been recorded in Alphas books. Alphas books show a bank account balance of P 41,120 (before any adjustments or corrections).
What is Alpha Corporations correct cash balance at April 30?
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