FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In preparing its bank reconciliation at December 31, 2021, Apollo Company has the following available data: Balance per bank statement, December 31, 2021 P38,075 Deposit

image text in transcribed
In preparing its bank reconciliation at December 31, 2021, Apollo Company has the following available data: Balance per bank statement, December 31, 2021 P38,075 Deposit in transit, December 31, 2021 5,200 Outstanding checks, December 31, 2021 6.750 Amount erroneously credited by bank to Apollo's account 400 Bank service charges for December 75 What is the adjusted cash at December 31, 2021? OP36,450 P36.125 OP36,050 OP36.525

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Guide Audit Sampling

Audit Guide Audit Sampling

Authors: AICPA

2nd Edition

195068833X, 978-1950688333

More Books

Students also viewed these Accounting questions

Question

★★★★★
A 2.5 x 2.5 m steel sheet 1.5 mm thick is removed from an annealing oven at a uniform temperature of 425?C and placed in a large room at 20?C in a horizontal position.(a) Calculate the rate of heat...

Answered: 1 week ago

Question

★★★★★
During an interval between mid-2010 and early 2011, the Federal Reserve embarked on a policy it termed "quantitative easing." Total reserves in the banking system increased. Hence, the Federal...

Answered: 1 week ago

Question

★★★★★
=+there are uncountably many selection systems, how many have an effective description in the sense of an algorithm or finite set of instructions by means of which a deputy (perhaps a machine) could...

Answered: 1 week ago

Question

★★★★★
Many people are concerned about the rising price of gasoline. Suppose that government officials are thinking of capping the price of gasoline below its current price. Which of the following outcomes...

Answered: 1 week ago

Question

★★★★★
Accounting standards relevant to private not-for-profit entities include all of the following except: Question 12 options: A) FASB 101 B) FASB 116 C) FASB 93 D) FASB 117

Answered: 1 week ago

Question

★★★★★
Please do these Questions as soon as possible. i will give you a thumbs up if you will do a good job. The alphabet { = {a,b} will be used for all of the following exercises. 1. Give regular...

Answered: 1 week ago

Question

★★★★★
Q-2) In order to comment on whether the design specifications are being matched or not, perform relevant hypothesis tests and calculate the p-value for each. What will you conclude? Assume you are...

Answered: 1 week ago

Question

★★★★★
A Cancer Testing Center has been presented with a proposal to offer a new diagnostic procedure that would require the purchase of a specialized piece of equipment.This piece of equipment offers...

Answered: 1 week ago

Question

★★★★★
For the dependent variable Y and the independent variables X1 and X2, the linear regression model is given by: Y=0.08059*X1-0.16109*X2+5.26570. Complete the following table: Actual Y X1 X2 Predicted...

Answered: 1 week ago

Question

★★★★★
For the beam and loading shown, use discontinuity functions to compute: (a) the deflection VA of the beam at A, and (b) the deflection Vmidspan of the beam at midspan (i.e., x = 2.7 m). Assume a...

Answered: 1 week ago

Question

★★★★★
Which of the following is NOT an external trend that affects the use of mobile marketing? Multiple Choice People use mobile devices multiple times a day. Smartphone and tablets are not as popular as...

Answered: 1 week ago

Question

★★★★★
Global. Technology. Teamwork. McBride Industries, an American company, has recently opened a branch office in the Czech Republic. Vladimra Pokorny, a Marketing Assistant for the Czech office, has...

Answered: 1 week ago

Question

★★★★★
Describe three technology trends and how they affect business communication. (Objective 1)

Answered: 1 week ago

Question

★★★★★
Teamwork. Global. Work with a partner to review the letter to Mr.Wu in Figure 2.3 on page 39 in this chapter. Explain two communication challenges faced by Mr. Doninger in writing the letter. Also,...

Answered: 1 week ago

Previous Question Next Question