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thanks Use the following information for next two questions. Lachimolala incorporated has a total of P94,508 cash balance in its books that includes undeposited collections
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Use the following information for next two questions. Lachimolala incorporated has a total of P94,508 cash balance in its books that includes undeposited collections in April 30, 2021. Lachimolala has P500 on the record of its bank that did not appear in its books. The bank statement show a total balance of P77,750. Outstanding checies were no. 9420 for P581, no. 9422 for P750, no. 9430 for P1,265, no. 9621 for P954, no. 9623 for P1,043 and no. 9632 for P726. The cash custodian stole all the undeposited collections in excess of P18, 972 and prepared the following reconciliation: P94,508 Balance per books, April 30, 2021 Add: Outstanding Checks 9621 9623 9632 Total Less: Undeposited receipts Balance per bank, April 30, 2021 Less: Unrecorded Credit Correct cash balance, April 30, 2021 P954 1,034 726 2,214 P96,722 18,972 P77,750 500 P75,250 How much cash was stolen by the cash custodian? 1 point P3,606 P4,097 PO P3,597 1 point How much was the adjusted cash balance as of April 30, 2021? P95,008 P91,411 P91,402 P94008Step by Step Solution
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