Ang Po Trading had an ending bank statement balance of P 373,612 on June 30, 2009. During reconciliation, it was noted that the bank had erroneously credited P 2,150, charged back NSF checks of P 2,340 with P 800 redeposited, and collection of P 10,330 was deposited in the following month. Outstanding checks were P 30,205 and notes collected were P 8,150 with charges of P 50. The adjusted bank balance on June 30, 2009 was P 351,587.
Ang Po Trading had an ending bank statement balance of P 373,612 on June 30, 2009. During reconciliation, it was noted that the bank had erroneously credited P 2,150, charged back NSF checks of P 2,340 with P 800 redeposited, and collection of P 10,330 was deposited in the following month. Outstanding checks were P 30,205 and notes collected were P 8,150 with charges of P 50. The adjusted bank balance on June 30, 2009 was P 351,587.
Ang Po Trading had an ending bank statement balance of P 373,612 on June 30, 2009. During reconciliation, it was noted that the bank had erroneously credited P 2,150, charged back NSF checks of P 2,340 with P 800 redeposited, and collection of P 10,330 was deposited in the following month. Outstanding checks were P 30,205 and notes collected were P 8,150 with charges of P 50. The adjusted bank balance on June 30, 2009 was P 351,587.
As of June 30, 2009, the bank statement of Ang Po Trading had an
ending balance of P 373,612. The following data were assembled in the course of reconciling the bank balance:
The bank erroneously credited Ang Po Trading for P 2,150 on June 22. During the month, the bank charged back NSF checks amounting to P 2,340 of which P 800 had been redeposited by the 25 th of June. Collection for June 30 totaling P 10, 330 was deposited the following month. Checks outstanding as of June 30 were P 30,205 Notes collected by the bank for Ang Po Trading were P 8,150 and the corresponding bank charges were P 50.
What is the adjusted bank balance on June 30, 2009? P 351, 587