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As of June 30, the bank statement of Emulsion Trading had an ending balance of P373,612. The following data were assembled in the course
As of June 30, the bank statement of Emulsion Trading had an ending balance of P373,612. The following data were assembled in the course of reconciling the bank balance: The bank erroneously credited Emulsion Trading for P2,150 on June 22. During the month, the bank charged back NSF checks amounting to P2,340 of which P800 had been redeposited by the 25th of June. Collection for June 30 totalling P10,330 was deposited the following month Checks outstanding as of June 30 were P30,205. Notes collected by the bank for Emulsion Trading were P8,150 and the corresponding bank charges were P50 What is the adjusted bank balance on June 30?
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