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please compute for this: The following items were gathered by the accounting clerk in preparation for the bank reconciliation statement of A&A Sugar Mill Ltd:
please compute for this:
The following items were gathered by the accounting clerk in preparation for the bank reconciliation statement of A&A Sugar Mill Ltd: Balance as per bank statement- overdraftegative balance of P 2,118. - A check for P182 drawn for the payment of telephone bill had been entered in the cash book as P281 but was shown correctly in the bank statement. - A check for P210 by the customer having been deposited into bank was dishonored - A check was credited twice in Cash Book for worth P3,000. - Dividend of worth P90 had been collected by the bank but not recorded in the cash book. - Checks P3,000 drawn in December but only 1,200 presented for payment. - Interest amounting P228 had been debited by the bank but not entered in the cash book. - A check for P2,077 was issued by the company for purchase of merchandise and was paid by the bank but not recorded in company's book. - A checkffor P10,500 issued to Salman \& Co. for purchase of Equipment was not presented yet in the bank for encashment. How much is the adjusted balance per book assuming the deposit in transit amounted to P26,000 Step by Step Solution
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