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NW Company is preparing its bank reconciliation for the month of March and revealed the following information: Cash in bank balance 130,000 Cash per bank
NW Company is preparing its bank reconciliation for the month of March and revealed the following information: | ||||||
Cash in bank balance | 130,000 | |||||
Cash per bank statement | 80,000 | |||||
The bank statement showed the following items: | ||||||
Loan credited to the company | 20,000 | |||||
Bank service charges | 800 | |||||
Interest income on deposits | 1,500 | |||||
NSF Check | 12,000 | |||||
The bank erroneously debited the depositor's account by | 20,000 | |||||
Undeposited collections amounted to | 30,000 | |||||
The book recorded twice a payment pertaining to a supplier | 43,700 | |||||
The oustanding checks totalled which includes an unreleased check of P10,000 and a cancelled check of P5,000 | ||||||
50,000 | ||||||
How much is the adjusted cash in bank balance? |
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