The following data are assembled bythe accountant of the KARO
COMPANY: Noy. 30.2018
Cash account balance P 41,175.00
Bank statement balance 267,705.00
Deposits in transit 20,502.50
Outstanding checks 69,295.00
Bank service charges 1,800.00
NSF check *
Company's notes receivable _
collected by bank 179,537.50
Dec, 37
P100,7125)
344,549 5)
32,200.09 |
75,2800)
41,5000 |
20,625.09 |
202,250.00
* Redeposited in the same month. No entries made to take up te | |
~return and redeposit. Coe
The bank statement and the company’s ’s cash records show the follow | |
totals:
Canceled checks and debit memos
per bank statement
545,932.50 |411,592.50
529,792.50
622,770.00
Cash receipts per cash book
Checks written per cash book
Deposits and credit memos per bank statement
what is the total book receipts in December?
"A. P613,842.50 C. P411,592.50
B. 591,130.00 D. P580,330.00
2. Whatis the total book disbursements in December?
A. P531,592.50 C. 533,092.50
B. P529,792.50 D. P531,292.50
3, Whats the adjusted book balance on November 30?
A. P220,712.50 C. P218,912.50
B. P222,512.50 D. 217,412.50
4, The adjusted bank receipts in December should be
A. P634,16850 ~—C._-:P632,667.50
B. P622,770.00 D. P634,467.50
5, The adjusted book disbursements in December should be
A. P545,932.50 C. P548,917.50
B,- P552,517.50 D, P551,917.50
6. What is the adjusted book balance oh December 31?
A. P301,462.50 C. P322,087.50
B. P302,662.50 D. P280,537.50
SOLUTION 1-30
wet, ventas 1 eA TEN
1. Cash receipts per cash book 411,592.51
Add: Notes collected by bank in November 179,537.51
Total book receipts in December
Answer: B-P529,759 5,
2
book
2, Checks written per ein Novernber
Bank service chars er Paar sey
Add Bart sebursements in Decem RBLSay
ae . December Balancy
for Receists Disbursements Dec. sf
Barer re ent 267-7050 672,770.00 545,992.50 P34 St0i
Deposits in transit 10,502.50)
to 2 20,502.50 coe a samy
Outstanding checks (6,298.00)
host pe 75,280.00 (152200
‘Adj balances -«PLIBGIZS0 EAAGZ.50 POSIIZ.S0 PAOLA
Balance December Balance
Nov.30 Receipts Disbursements Dec. 31
TF
eos 41,475.00 P591,13000 P531,592.60 Poot
Bank service charges:
November (1,800.00) (1,800.00
December 1,500.00 (1,504)
NSF check 20,625.00, 20,625.00 |
Collections of notes ‘ |
receivable: |
November 179,537.50 (179,537.50)
December 202,250.00 20225000 |
‘Ad, balances PorB.9i250 634,467.50 PSGI.OT750 aL |
3. Adjusted book balance, November 30 pains
i Answer: C
4. Adjusted bank receipts in December panso8
Answer: D
5. Adjusted book disbursements in December oss
Answer: D