BALIWAG, DANNICA C.

2BSA1
ACTIVITY 2. PROOF OF CASH
LSPU Company provided the following data for the month of December:
November 30 December 31
“Cash in Bank” account balance 2,302,000 3,160,000
Bank statement balance 1,890,000 2,900,000
Bank debits 1,080,000
Bank credits ?
Book debits ?
Book credits 1,440,000
Outstanding checks 180,000 592,000
Deposit in transit 80,000 498,000
Bank Service Charge 2,000 4,000
Check erroneously charged by the bank against LSPU Company’s account.
40,000 50,000
Corrected by the bank in the subsequent month.
A check received for a note, which is due every end of the month, was
recorded as cash receipt by LSPU Company when the check is placed with
200,000 300,000
bank for collection but was credited by the bank to LSPU Company’s
account in the subsequent month.

Required:

a. Prepare a four-column reconciliation or Proof of cash showing the adjusted balance.

b. How much is the unadjusted balance of receipts per books? Receipts per bank?

ADJUSTED BALANCE
LSPU COMPANY
PROOF OF CASH
For the Month of December
November 30 Receipts Disbursements December 31
Balance per Book
Note Collected:
November
December
NSF Check:
November
December
Service Charge:
November
December
Adjusted Book Balance

LSPU COMPANY
 PROOF OF CASH
For the Month of December
November 30 Receipts Disbursements December 31
Balance per Book
Note Collected:
November
December
NSF Check:
November
December
Service Charge:
November
December
Adjusted Book Balance