Question
Problem 9 JEPOY Corporation is in the process of preparing its bank reconciliation for the month of February 2021. The company accountant discovered the following:
Problem 9
JEPOY Corporation is in the process of preparing its bank reconciliation for the month of February 2021. The company accountant discovered the following:
Cash in bank balance P????????
Checks paid and recorded during the month
Number 1001 5,000
1002 6,000
1003 7,000
1004 8,000
Actual deposits made during the month 15,000
Deposits erroneously recorded twice 2,800
Unrecorded disbursements during the month 25,700
The analysis of the bank statement revealed the following:
Bank balance P120,000
The following checks cleared with the bank
999 2,500
1001 5,000
1004 8,000
The bank deducted the following
Notes payable payment 16,000
Bank service charges 800
The bank credited the following
Cash deposits from Jepoy 10,000
Loan proceeds 7,000
Interest Income 300
How much is the adjusted balance per bank?
how much is the unadjusted balance per book?
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Government And Not For Profit Accounting Concepts And Practices
Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese
9th Edition
1119803896, 978-1119803898
