Question
Information on ABC Co. is shown below: 30-Jul Aug. 31 Book balance 132,200 180,000 Book debits 60,000 Book credits ? Bank balance 100,600 169,000 Bank
Information on ABC Co. is shown below:
30-Jul Aug. 31
Book balance 132,200 180,000
Book debits 60,000
Book credits ?
Bank balance 100,600 169,000
Bank debits 20,600
Bank credits ?
Notes collected by bank 10,000 35,000
Debit memos 7,800 8,900
Understatement of book receipts 2,800
Deposit in transit 45,000 43,800
Outstanding checks 11,200 3,900
How much is the adjusted balance of Cash in August?
- P208,900
- P132,600
- P134,400
- P136,200
- Answer not given
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Chapters 1-13
Authors: Carl Warren
27th Edition
1337272108, 978-1337272100
