A-21

Bruins Company
Proof of Cash
March 31
– April 30, 2013
April
Mar-31 April receipts Disburseme Apr-30
nts
Balances per bank statement P2,203,500 P5,251,500 P4,357,750 P3,097,250
Outstanding checks:
March 31 -275,000 -275,000
April 30 580,000 -580,000
Deposits in transit
March 31 125,000 -125,000
April 30 670,000 670,000
Erroneous bank credit -20,000 -20,000
Undeposited receipts
Erroneous bank debit memo -45,000 45,000
Adjusted balances P2,053,500 P5,776,500 P4,617,750 P3,212,250

April
Mar-31 April receipts Disburseme Apr-30
nts
Balances per books P2,055,300 P5,567,000 P4,619,800 P3,002,500
Note collected by bank in April 17,000
Bank service charges
March -1,800 -1,800
April 2,450
-2,450
200,000 – 188,000
(200,000 x
12%x 6/12) 188,000
Overstatement in book disbursements -2,700 2,700
Understatement of April receipts 4,500 4,500
Adjusted balances P2,053,500 P5,776,500 P4,617,750 P3,212,250