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  • 1-27. (Lira Company)

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    Revv Cojuangco
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    The Lira Company had $9,500 in deposits in transit at the end of August. In September, they received $30,500 in cash receipts and made $30,200 in deposits, leaving $9,800 in deposits in transit at the end of September. The company had $2,000 in outstanding checks at the end of September, $23,600 in checks cleared by the bank, and $24,000 in cash disbursements per their general ledger, leaving $1,600 in outstanding checks at the end of August.

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    The Lira Company had $9,500 in deposits in transit at the end of August. In September, they received $30,500 in cash receipts and made $30,200 in deposits, leaving $9,800 in deposits in transit at the end of September. The company had $2,000 in outstanding checks at the end of September, $23,600 in checks cleared by the bank, and $24,000 in cash disbursements per their general ledger, leaving $1,600 in outstanding checks at the end of August.

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    16 views1 page

    1-27. (Lira Company)

    Uploaded by

    Revv Cojuangco
    The Lira Company had $9,500 in deposits in transit at the end of August. In September, they received $30,500 in cash receipts and made $30,200 in deposits, leaving $9,800 in deposits in transit at the end of September. The company had $2,000 in outstanding checks at the end of September, $23,600 in checks cleared by the bank, and $24,000 in cash disbursements per their general ledger, leaving $1,600 in outstanding checks at the end of August.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    1-27.

    (Lira Company)

    Deposits in transit, August 31 9,500


    Add cash receipts per general ledger 30,500
    Less deposits per bank (30,200)
    Deposits in transit, September 30 9,800

    Outstanding checks, September 30 2,000


    Add checks cleared by bank during September 23,600
    Less cash disbursements per general ledger (24,000)
    Outstanding checks, August 31 1,600

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