The cash account shows a balance of P38, 000 before reconciliation. The bank statement does...
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The cash account shows a balance of P38, 000 before reconciliation. The bank statement does not include a deposit of P2, 300 made on the last day of the month. The bank statement shows a collection by the bank P940 and a customers check for P220 was returned because it was NSF. A customers check for P450, was recorded on the books as P540, and check written for P79 was recorded as P97. The correct balance in the cash account was
Problem 4 The cash account shows a balance of P38.000 before reconciliation. The bank statement does not include a deposit of P2, 300 made on the last day of the month. The bank statement shows a collection by the bank P940 and a customer's check for P220 was returned because it was NSF. A customer's check for P450. was recorded on the books as P540, and check written for P79 was recorded as P97. The correct balance in the cash account was
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