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You received your August 2019 bank statement. The August 31, 2019 cash balance in your accounting books is P520,000 while the cash balance shown
You received your August 2019 bank statement. The August 31, 2019 cash balance in your accounting books is P520,000 while the cash balance shown on the bank statement is P410,000. You determined the following information: a. Check NO. 2345 for P45,000, issued to a supplier, is not yet presented to the bank for payment. b. A P205,000 check deposit, with deposit slip no. 0989, is not yet credited to your account. c. A customer deposited P60,000 to your bank account. You have not yet recorded this collection of account receivable in your accounting books. d. The bank paid P10,000 monthly mobile phone charges directly out of your account. Prepare the bank reconciliation.
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