1

Balance per bank statement P 3,800,000

Deposit in Transit 520,000
Outstanding checks -675,000
Amount erroneously credited by bank to Case's account -40,000
Bank service charge -5,000
Adjusted cash in bank balance P 3,600,000

2
Balance per bank statement P 2,000,000
Outstanding checks -400,000
(500,000 - 100,000)
Deposit in transit 200,000
Erroneous credit to Core's account, representing -300,000
proceeds of loan granted to another company
Cash in bank P 1,500,000

3
Book Bank
Unadjusted balance P 85,000 P 130, 350
Bank service charge -2000
Deposit in Transit 49,000
Outstanding checks -17650
Note collected by bank 136,000
Check drawn by XYZ Co. erroneously charged 54,600
by bank to Narcisa account
Transposition error 2,700
(16,358 - 13, 658)
Adjusted Balance P 216,300 P 216,300

a)
Bank statement of Ian Co. P 585,384
Outstanding checks -52,810
Undeposited cash receipts 23,000
Recording error in check of rent -900
( 9,840 - 8,940)
Mortgage payment 18,000
Bank service charge 740
Deposit error -35000
NSF check 3,400
Cash in bank per books balance P 541,714
 b)
Book Bank
Unadjusted balance P 541,714 P 585,284
Outstanding checks -52,810
Undeposited cash receipt 23,000
Recording error in check of rent 900
Mortgage payment -18,000
Bank service charge -740
Deposit error -35,000
NSF check -3,400
Adjusted cash in bank balance P 520,474 P 520,474

c)
Current account balance P 520,474
Petty cash 8,000
Treasury bills 20,000
(40,000 × 1/2)
Cash and cash equivalent P 548,474

5
Book Bank
Unadjusted balance P 20,490 P 30,426
Outstanding checks:
check no.178 2,150
check no. 181 13,217 -15,367
Deposit in transit 11,774
Deposit error 250
(26,417 - 26,167)
Automatic loan 8,150
Interest 82
NSF check -1000
Bank service charge -600
Error:
check no. 179 (32,567 - 32,067) -500
check no. 180 (21,898 - 21,894) -4
check no. 181 (20,490 - 20,455) -35
Adjusted cash balance P 26,833 P 26,833

a)
 12/05, Deposit P 49,000
12/08, Deposit 14,000
12/31, Deposit in transit 49,000
Total book receipts P 112,000

b)
Cash balance, 11/30 P 423,825
Add: December book receipts 112,000
Total 535,825
Less: Check register -260,693
Cash balance per books P 275,132

c)
Outstanding checks, December 31,2021:
Check no. 4321 P 6,000
check no. 4340 1,700
check no. 4345 11,880
check no. 4347 6,300
check no. 4348 14,058
check no.4349 7,000
P 46,938

d)
Adjusted cash balance P 423,825

e)
Book Bank
Unadjusted balance P 275,132 P 273,620
Deposit in transit 49,000
Outstanding check -46,938
Service charge -1000
Interest 1,550
Adjusted balance P 275,683 P 275,683

a)
Principal P 27,000
Interest 800
Collection fee -200
Proceeds credited by bank P 27,600

b) Book Bank
Unadjusted balance P 35,000 P 60,000
 Notes collected by bank 27,600
Debit memo for checkbook -100
Deposit in transit 15,200
Transposition error by bank -9,000
in recording deposit
(54,000 - 45,000)
Erroneous bank debit 26,700
Petty cash fund -10,000
Erroneous bank credit -11,000
Outstanding checks -29,400
including a certified check of Php 10,000
(39,000 - 10,000)
Adjusted cash in bank balance P 52,500 P 52,500

c)
Cost of checkbook P 100

d)
Petty cash counted P 9,500
Petty cash shortage 500
Petty cash fund P 10,000

e)
Adjusted petty cash balance P 3,000
(Currency and coins)

8
Balance per book P 6,776,000
Bank service charge -6000
Amount as paid by the bank 9000
is Php 89,000 instead of Php 98,000
as recorded in the book or a difference of
Adjusted book balance 6,779,000
Balance per bank 6,532,000
Deposit in transit 1,234,000
Outstanding checks -987,000
Adjusted bank balance 6,779,000
Currency and coins counted 950,000
Petty cash fund 40,000
(50,000 - 10,000)
Total cash P 7,769,000
 9
Balance of cash in bank account P 1,300,000
Add: Error in check number 765 20,000
Payment stop in check number 555 10,000 30,000
Total 1,330,000
Less: Service charge for August 5,000
NSF check 85,000 90,000
Adjusted book balance 1,240,000

Balance of bank statement 1,200,000

Add: Undeposited receipts 275,000
Total 1,475,000
Less: Outstanding checks, August 31:
No. 761 55,000
762 40,000
763 25,000
764 65,000
765 50,000 235,000
Adjusted cash in bank 1,240,000

10
Balance per bank P 3,735,000
Bank erroneously credited 21,000
Deposit 103,000
Outstanding checks -302,000
Adjusted bank balance 3,515,000

Balancer per books 3,455,000

NSF checks -15,000
(23,000 - 8,000)
Notes collected by the bank 80,000
Bank charge -5000
Adjusted book balance P 3,515,000