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The bank statement for Juan Company shows a balance per bank of P15,907.45 on April 30,2015 On this date the balance of cash per books
The bank statement for Juan Company shows a balance per bank of P15,907.45 on April 30,2015 On this date the balance of cash per books is P11,589.45. Additional information are provided below: Deposits in transit: April 30 deposit (received by the bank on May 1) P2,201.40 Outstanding checks: No. 453 P3,000.00 No. 457 P1,401.30 No. 460 P1,502.70 Errors: Juan wrote check no. 443 for P1,226.00 and the bank correctly paid that amount. However, he recorded the check as P1,262.00. Bank memoranda: Debit-NSF check from Pedro P425.60. Debit-Charge for printing company checks P30.00 Credit - Collection of note receivable for P1,000 plus interest earned of P50, less bank collection fee of P15.00. Required: Prepare a bank reconciliation statement using the adjusted method. Hint: Bank Debit Memo are deductions made by the bank to the account of the depositor Bank Credit Memo are additions made by the bank to the account of the depositor
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