Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 162 views

    Problem 59

    Uploaded by

    Yukido
    Lazer Company's June 30 bank reconciliation is provided. All reconciling items cleared in July. July 31 adjusted cash is $3,400,000 + $9,000,000 - $7,000,000 - $600,000 + $1,000,000 = $5,800,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Problem 59

    Uploaded by

    Yukido
    162 views1 page
    Lazer Company's June 30 bank reconciliation is provided. All reconciling items cleared in July. July 31 adjusted cash is $3,400,000 + $9,000,000 - $7,000,000 - $600,000 + $1,000,000 = $5,800,000.

    Original Description:

    sadsadasdas

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Lazer Company's June 30 bank reconciliation is provided. All reconciling items cleared in July. July 31 adjusted cash is $3,400,000 + $9,000,000 - $7,000,000 - $600,000 + $1,000,000 = $5,800,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    162 views1 page

    Problem 59

    Uploaded by

    Yukido
    Lazer Company's June 30 bank reconciliation is provided. All reconciling items cleared in July. July 31 adjusted cash is $3,400,000 + $9,000,000 - $7,000,000 - $600,000 + $1,000,000 = $5,800,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Problem 60

    Ron Company provided the following data for the month of January:

    Balance per book, January 31 3,130,000


    Balance per bank statement, January 31 3,500,000
    Collections on January 31 but undeposited 550,000
    NFS check received from a customer returned by the bank on
    February 5 with the January bank statement 50,000
    Checks outstanding on January 31 650,000
    Bank debit memo for safety deposit box rental not
    recorded by depositor 5,000
    A creditor check for P30,000 was incorrectly
    recorded in the depositor’s book as 300,000
    A customer check for P200,000 was recorded by
    the depositor as 20,000
    The depositor neglected to make an entry for a check drawn
    in payment of an account payable 125,000

    What amount should be reported as adjusted cash in bank on January 31?

    Problem 61

    Lazer Company had the following bank reconciliation on June 30:

    Balance per bank statement, June 30 3,000,000


    Deposit in transit 400,000
    Total 3,400,000
    Outstanding checks ( 900,000)
    Balance per book, June 30 2,500,000

    The bank statement for the month of July showed the following:

    Deposits, including P200,000 note collected for lazer 9,000,000


    Disbursements, including P140,000 NSF customer check
    And P10,000 service charge 7,000,000

    All reconciling items on June 30 cleared the bank in July. The


    outstanding checks totaled P600,000 and the deposit in transit
    amounted to P1,000,000 on July 31.

    1. What is the adjusted cash in bank on July 31?


    2. What is the cash balance per book on July 31?
    3. What is the amount of cash receipts per book in July?
    4. What is the amount of cash disbursements per book in July?

    You might also like