Answer the following problems with solutions each problem

Problem 9-13 (PHILCPA Adapted) Jam Company prepared the following bank reconciliation on November 30: Balance per bank statement Deposits outstanding 2.100,090 Checks outstanding 300,060 30.000) Correct cash balance 2,370.000 Balance per book Bank service charge 2,372,000 2,000) Correct cash balance 2,370.000 December data Bank Book Checks recorded 2,300,000 2,360,000 Deposits recorded 1,620,000 1,800,000 Collection by bank, P400,000 note receivable plus interest 420,000 . NSF customer check returned 10,000 Balances 1,830,000 1,810,000 1. What is the amount of checks outstanding on December 31? a. 30,000 b. 90,000 C . 60,000 d. 0 2. What is the amount of deposits in transit on December 31? a. 480,000 b. 120,000 C. 180,000 d. 680,000 3. What is the adjusted cash in bank on December 31? a. 1,180,005 b. 2,220,000 c. 2,240,000 d. 2,780,000 295Problem 8-11 (AICPA Adapted) In preparing the August 31 bank reconciliation, Adorable Company provided the following information: Balance per bank statement Deposit in transit 1,805,000 325,000 Return of customer check for insufficient fund 60.000 Outstanding checks 275,000 Bank service charge for August 10,000 On August 31, what is the adjusted cash in bank? a. 1,855,000 b. 1,795,000 C. 1,785,000 d. 1,755,000 Problem 8-12 (AICPA Adapted) In preparing the bank reconciliation at the current month-end, Cardinal Company provided the following data: Balance per bank statement 3,800,000 Deposit in transit 520,000 Amount erroneously credited by bank to the entity's account 40.000 Bank service charge for the current month 5,000 Outstanding checks 675,000 1. What is the adjusted cash in bank? a. 3,685,000 b. 3,645,000 C. 3,600,000 d. 3,605,000 2. What is the unadjusted cash in bank balance per book? a. 3,550,000 b. 3,660,000 c. 3,610,000 d. 3.655,000 45 art 255Problem 8 18 (AICPA Adapted) Problem 8-16 (IAA) On March 31. Decent Company received a bank statement Linconic Company received the bank statement for the month which revealed the following information: of April which included the following informations 15,000 February 28 book balance 1.460,000 Bank service charge for April Note collected by bank Chock deposited by Laconic during April was not collectible Interest earned on note 100,000 and has been marked "NSF by the bank and returned 40,000 150,000 NSF check of customer 10 040 Deposits made but not yet recorded by bank 100,000 Bank service charge on NSF check 120,000 Checks written and mailed but not yet recorded by bank Other bank service charges 2,000 Outstanding checks 3,000 The entity found a customer check for P35,000 payable to 202,000 Deposit of February 28 placed in night depository the entity that had not yet been deposited and had not been 85,000 Check issued by Deceit Company charged to Decent account 20,000 recorded. The general ledger showed a bank account balance of P920,000. What is the cash balance per bank statement? What is the adjusted cash in bank on April 30? 1. 1, 435,000 b. 1,532,000 a. 900,000 C. 1,338,000 b. 865,000 d. 1,557,000 c. 930,000 d. 965,000 Problem 8-19 (LAA) Problem 8-17 (PHILCPA Adapted) Sapphire Company provided the following information for Beacon Company provided the following information for the the month of December: month of December: Balance per bank statement December 31 2.800,000 4.000,000 Bank service charge for December 12,000 Cash balance per bank statement Checks outstanding, including certified check of P100,000 500,000 Interest paid by bank to Sapphire Company for December 10,000 Customer note collected by bank for Bencon 150.000 Deposits made but not yet recorded by the bank 350,090 NSF checks of customers returned by bank 200,000 Checks written but not yet recorded by the bank 650,000 Bank service charge shown in December bank statement 20.000 Error made by Beacon Company in recording a check that The entity discovered that it had drawn and erroneously was drawn in December for P100,000 but recorded at P10,000 recorded a check for P46,000 that should have been recorded 90.000 Deposit in transit 1,300,000 for P64,000. What is the cash balance per ledger on December 31? What is the cash balance per ledger in December 31? R. 4,900.000 b. 5,060,000 a. 2,500,000 C. 4,880,000 b. 2,520,000 d. 4,970,000 c. 2,540,000 d. 2,800,000 258 259Problem 8-13 (PHILCPA Adapted) Emphatic Company provided the following data at the current month-end: 4,000,000 10,000 Balance per book 950,000 Bank charges Outstanding checks 1,200,000 Deposit in transit 1.500,000 Customer note collected by bank 60,000 Interest on customer note 250,000 Customer check returned NSF Payment of depositor note payable charged to account 1,000,000 What is the adjusted cash in bank? a. 4,300,000 b. 5,300,000 c. 4,250,000 d. 4,000,000 Problem 8-14 (IAA) Endemic Company provided the following data for the purpose of reconciling the cash balance per book with the cash balance per bank statement on December 31: Balance per bank statement 2,000,000 Balance per book 850,000 Outstanding checks, including certified check of P100.000 500,000 Deposit in transit 200,000 December NSF checks, P50,000 of which had been redeposited and cleared by December 27 150,000 Erroneous credit to Endemic account, representing proceeds of loan granted to another entity 300,000 Proceeds of note collected by bank for Endemic, net of service charge of P20,000 750,000 What is the cash in bank to be reported on December 31? a. 1,400,000 b. 1,500,000 c. 1,450,000 d. 1,800,000 256