Problem 1:

Evelyn Company
Bank Reconciliation
Month ended July 31

Balance per Bank Statement, July 31 P 30,400

Deposit in transit P 6,300
Outstanding check - 14,200
Bank error P - 8,000 - 15,900
Adjusted Bank Balance, July 31 P 14,500

Balance per books, July 31 P 39,720

Book error - improperly recorded P 5,400
Book error - improperly recorded - 4,250
Book error - loss - 15,300
Book error - improperly recorded - 7,050
Credit memo 1,200
Bank service charge - 1,500
NSF Check P - 3,720 - 25,220
Adjusted Book Balance, July 31 P 14,500

Adjusting entries
a. Petty cash fund 4250
Cash in bank 4,250
b. Cash in bank 5400
Utilities expense 5,400
c. Bank service charge 1500
Cash in bank 1,500
d. Accounts receivable 3720
Cash in bank 3,720
e. Loss by theft 15300
Cash in bank 15,300
f. Cash in bank 1200
Interest income 1,200
g Accounts receivable 7050
Cash in bank 7,050

Problem 2
 Cebu Company
Reconciliation of Receipts, Disbursements, and Bank Balance
For the month ended December 31, 2019

Beginning Receipts Disburs. Ending

Nov-30 Dec-31
Balance per book P 1,000 P 13,000 P 10,210 3,790
Bank service charge
Nov-30 - 10 - 10
Dec-31 40 - 40
NSF check
Nov-30 - 200 - 200
Dec-31 300 - 300
Collections
Nov-30 5,000 - 5,000
Dec-31 6,000 6,000
Deposit in transit
Nov-30 - 400 400
Dec-31 - 600 - 600
Outstanding check
Nov-30 1,300 1,300
Dec-31 - 1,500 1,500
Adjusted Bank Balance P 6,690 P 13,800 P 10,140 P 10,350

Adjusting entries
Bank service Charge 40
Cash in bank 40
Accounts receivable 300
Cash in bank 300
Cash in bank 6,000
Credit memo 6,000

Problem3
 Dagupan Company
Bank Reconciliation
Month ended October 31

Balance per Bank Statement, October 31 P 44,894

Deposit in transit P 16,450
Outstanding check - 47,000 - 30,550
Adjusted Bank Balance, October 31 P 14,344

Balance per books, October 31 P 10,404

Collection of note receivables P 26,000
Dishonored note - 50,000
NSF Check - 11,000
Bank service charge - 6,500
Book error - improperly recorded - 10,090
Book error - improperly recorded 46530
Book error P 9,000 3,940
P 14,344

Adjusting entries
a. Cash in Bank 26000
Notes Receivables 26000
b. Notes receivables 50000
Accounts receivables 50000
Accounts receivables 50000
Cash in bank 50000
c Accounts receivables 11000
Cash in bank 11000
d Bank service charge 6500
Cash in bank 6500
e Accounts payabe 1675
Cash in bank 1675
f Cash in bank 46530
Accounts payabe 46530
g Cash in bank 9000
Accounts receivables 9000

Problem 4
1 Disbursing Receiving
Transfer No. Per Bank Per Book Per Bank Per Book
2 02-Jan Dec-31 Dec-31 02-Jan
3 Dec-28 02-Jan 02-Jan Dec-31
4 Dec-31 02-Jan
6 03-Jan Dec-31 02-Jan Dec-31
7 02-Jan Dec-31 Dec-31

2 Disbursing
Transfer No. Per Bank Per Book
2 02-Jan Dec-31
5 Dec-29 28-Dec
6 03-Jan Dec-31
7 02-Jan Dec-31

As outstanding checks

3 Receiving
Transfer No. Per Bank Per Book
3 02-Jan Dec-31
5 Dec-29 28-Dec
6 02-Jan Dec-31
7 Dec-31 Dec-31

As Deposit in transit