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What is the adjusted balance in July 31 and Aug 31? Problem 9-6 (IAA) Balance per book, August 31 Receipts per book for August Bigotry
What is the adjusted balance in July 31 and Aug 31?
Problem 9-6 (IAA) Balance per book, August 31 Receipts per book for August Bigotry Company provided the following information: Disbursements per book for August 2,000,000 4,400,000 3,600,000 Balance per bank, August 31 1,860,000 Bank receipts for August 5,000,000 Bank disbursements for August 3,940,000 August collection of P200,000 recorded by entity as 20.000 August check in payment of account payable for P600,000 recorded by entity as 60,000 Deposit of Bigot Company erroneously credited by bank to Bigotry Company 200,000 August check of Bigot Company erroneously charged by bank to Bigotry Company 400,000 NSF check: July 100,000 August 50,000 Note collected by bank for Bigotry Company: July 200,000 August 300,000 Deposit in transit: July 31 600,000 August 31 480,000 Outstanding checks: July 31 100,000 August 31 650,000 Required: Prepare a proof of cash for the inonth of August following the book to bank" method. 289Step by Step Solution
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