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Please help. Thank you! Part of Orange Co.'s unadjusted trial balance at December 31 showed a Cash balance of P17,400. The balance per bank statement
Please help. Thank you!
Part of Orange Co.'s unadjusted trial balance at December 31 showed a Cash balance of P17,400. The balance per bank statement was P12,000 on December 31. Outstanding checks amounted to P6,900. Interest of P40 was credited to the enterprise's account by the bank during December, but has not yet been entered on the company's books. Assuming no errors exist in the company's cash balance, deposits in transit at December 31 amount to P12,340 P12,260 P12,300 P5,400
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