Question
Corona companys bank statement for the month of March 2020, included the following information: Ending balance, March 31 P280,460 Bank service charge for March 1,300
Corona companys bank statement for the month of March 2020, included the following information:
Ending balance, March 31 | P280,460 |
Bank service charge for March | 1,300 |
Interest paid by bank to Corona for March | 1,070 |
In comparing the bank statement to its own cash records, Corona found the following:
Deposits made but not yet recorded by the bank | P36,890 |
Checks written and mailed but not yet recorded by the bank | 47,860 |
In addition. Corona discovered that it had erroneously recorded a check for P 460 that should have been recorded for P 640.
What is Coronas correct cash balance at March 31, 2020?
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