Intermediate Accounting

You have been hired by Golden Chain Corp to compute for the unknown items in the company's proof of cash. The following information were made available to you The bank statement shows the following Beginning balance August 1. 2018 180,250.00 Deposits 1.830,752.00 Checks paid plus debit memos (1.702.830.00) Service charges for cost of checks C 88.00) Ending Balance August 31 308.084.00 The cash account in the books of Golden Chain Corp is as follow CASH 128 384.00 July 1 Beg 1.330 882.00 July 31 Cosh bisbursements Aug 1 AJE 750.00 July 31 Cash Receipts 1.364.858.00 August 31 Cash receipts 1839 744.00 1 Aug 31 Cash disbursements 1,712,892,00 Your review of last month's bank reconciliation and the current bank statement reveals the following Outstanding checks July August 67 122.00 Deposits in Transit July 32.844.00 August 41 836.00 in the cash disbursements cuales Your review of imani reconditional carrentocmere SIRE Tolowing Outstanding checks July August 67122.00 Deposits in Transit July 32.844.00 August 41.836.00 - Check number 216 for the Office Furniture was written for P1,390.00 but recorded in the cash disbursements journalas P 1.930.00. The bank deducted the check as p 1.390.00. The error happened in July and is not yet corrected as of August 31. A check written on the account of Kaderang Ginto Corp for P 1.166.00 was deducted by the bank from Golden Chain's account - Included with the bank statement was a debit memorandum dated August 31 for P4,950.00 for interest on note taken out by the Golden Choin Corp on July 30 . The service charge for new checks has not been recorded The July 31 bank reconciliation showed as reconciling item for service charge of P 52.00 and on NSF for P 698.00 Based on the above data, compute for the following: Unadjusted cash in bank per books on August 31 a b 289,752.00 289.212.00 288,462.00 289.002.00 Question 55 Using the same given in the previous problem compute the Outstanding checks on July 31 Ob Od 50,944.00 51,484.00 51,570.00 52,110.00 Question 56 Compute the adjusted Cash in Bank per book on July 31 a O OC Od 162,848.00 162,202.00 161.610.00 162.150.00 lasti Question 57 Compute the adjusted disbursements for August Oa O 1,717,180.00 1.717,930.00 1.719,096.00 1,718,740.00 d Question 58 Compute the adjusted Cash in Bank balance on August 31 a b 283,964.00 282,798.00 283,424.00 288.914.00 d You have been hired by Golden Chain Corp to compute for the unknown items in the company's proof of cash. The following information were made available to you The bank statement shows the following Beginning balance August 1. 2018 180,250.00 Deposits 1.830,752.00 Checks paid plus debit memos (1.702.830.00) Service charges for cost of checks C 88.00) Ending Balance August 31 308.084.00 The cash account in the books of Golden Chain Corp is as follow CASH 128 384.00 July 1 Beg 1.330 882.00 July 31 Cosh bisbursements Aug 1 AJE 750.00 July 31 Cash Receipts 1.364.858.00 August 31 Cash receipts 1839 744.00 1 Aug 31 Cash disbursements 1,712,892,00 Your review of last month's bank reconciliation and the current bank statement reveals the following Outstanding checks July August 67 122.00 Deposits in Transit July 32.844.00 August 41 836.00 in the cash disbursements cuales Your review of imani reconditional carrentocmere SIRE Tolowing Outstanding checks July August 67122.00 Deposits in Transit July 32.844.00 August 41.836.00 - Check number 216 for the Office Furniture was written for P1,390.00 but recorded in the cash disbursements journalas P 1.930.00. The bank deducted the check as p 1.390.00. The error happened in July and is not yet corrected as of August 31. A check written on the account of Kaderang Ginto Corp for P 1.166.00 was deducted by the bank from Golden Chain's account - Included with the bank statement was a debit memorandum dated August 31 for P4,950.00 for interest on note taken out by the Golden Choin Corp on July 30 . The service charge for new checks has not been recorded The July 31 bank reconciliation showed as reconciling item for service charge of P 52.00 and on NSF for P 698.00 Based on the above data, compute for the following: Unadjusted cash in bank per books on August 31 a b 289,752.00 289.212.00 288,462.00 289.002.00 Question 55 Using the same given in the previous problem compute the Outstanding checks on July 31 Ob Od 50,944.00 51,484.00 51,570.00 52,110.00 Question 56 Compute the adjusted Cash in Bank per book on July 31 a O OC Od 162,848.00 162,202.00 161.610.00 162.150.00 lasti Question 57 Compute the adjusted disbursements for August Oa O 1,717,180.00 1.717,930.00 1.719,096.00 1,718,740.00 d Question 58 Compute the adjusted Cash in Bank balance on August 31 a b 283,964.00 282,798.00 283,424.00 288.914.00 d