PROBLEM 2.14

15,000 Problem 2-14 (IAA) Laconic Company received the bank statement for the month of April which included the following information: Bank service charge for April Check deposited by Laconic during April was not collectible and has been marked "NSF" by the bank and returned 40,000 Deposits made but not yet recorded by bank Checks written and mailed but not yet recorded by bank The entity found a customer check for P35,000 payable to the entity that had not yet been deposited and had not been recorded. The general ledger showed a bank account balance of F920,000. 130,000 100,000 What amount should be reported as adjusted cash in bank on April 302 a. 900,000 b. 865,000 c. 930,000 d. 965,000