Question
Animalistic Corporation provided the following information: Balance per bank statement - May 31 2,600,000 Deposits outstanding 300,000 Checks outstanding (100,000) Correct bank balance - May
Animalistic Corporation provided the following information:
Balance per bank statement - May 31
2,600,000
Deposits outstanding
300,000
Checks outstanding
(100,000)
Correct bank balance - May 31
2,800,000
Balance per book - May 31
2,810,000
Bank service charge
(10,000)
Correct book balance - May 31
2,800,000
June data are as follows:
BankBookCheck recorded
2,200,000
2,500,000
Deposits recorded
1,600,000
1,800,000
Service charges recorded
50,000
Notes collected by bank, P 500,000 plus interest
550,000
NSF check returned with June 30 statement
100,000
Balances
2,400,000
2,100,000
What is the amount of outstanding checks on June 30?
What is the amount of deposit in transit on June 30?
What is the adjusted cash in bank on June 30?
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