The books of CPA Co. disclosed a cash balance of P68,757 on June.

The bank statement as of June 30

showed a balance of P54,780. Additional information that might be useful in reconciling the two balance
follows:
Balance per books, end (PHP 68,757.00)
a. Check number 748 drawn for P3,000 was originally recorded on the books as P4,500 Add: Overstatement of payment ( 1,500.00)
Collection of notes ( 4,500.00)
Interest ( 165.00)
b. A customer's note dated March 25 was disounted on April 12. The note was dishonored on June 29 Less: Dishonored customer's notes ( (14,265.00)
(maturity date). The bank charged CPA's account for P14,265, including a protest fee of P42. Overstatement of deposits ( (195.00)
Bank service charge ( (210.00)
c. The deposit on June 24 was recorded on the books as P2,895 but it was actually a deposit of P2,700. NSF checks ( (1,296.00)
Collection fee ( (36.00)
d. Outstanding checks totaled P9,885 as of June 30. ADJUSTED BALANCE (PHP 58,920.00)

e. There were bank service charges for June of P210 not yet recorded on the books.
Bal. per bank statement, end (PHP 54,780.00)
f. CPA's account had been charged on June 26 for a customer's NSF check for P1,296. Add: Unrecorded deposits ( 600.00)
June 30 cash recipts ( 13,425.00)
g. CPA properly deposited P600 on June 3 but it was not recorded by the bank. Less: Outstanding checks ( (9,885.00)
ADJUSTED BALANCE (PHP 58,920.00)
h. Receipts on June 30 for P13,425 were recorded by the bank on July 2.

i. A bank memo stated that a customer's note for P4,500 and interest of P165 had been collected on June
27, and the bank charged a P36 collection fee.

Prepare the bank reconciliation.

The accountant for the DEF Co. assembled the following data:
DURING APRIL DURING APRIL
31-Mar 30-Apr 31-Mar RECEIPTS DISBURSEMENTS 30-Apr 31-Mar RECEIPTS DISBURSEMENTS 30-Apr
Book balance 400,000 540,000 Book balance 400,000 180,000 40,000 540,000 Bank balance 280,000 190,000 30,000 440,000
Book debits 180,000 Credit Memo DIT
Book credits 40,000 March 36,000 -36,000 March 169,000 -169,000
Bank balance 280,000 440,000 April 23,000 23,000 April 136,000 136,000
Bank debits 30,000 Bank Charges Outs. Checks
Bank credits 190,000 March -10,000 -10,000 March -23,000 -23,000
Credit Memo 36,000 23,000 April 16,000 -16,000 April 30,000 -30,000
Bank charges 10,000 16,000 Book error -9000 9000 Bank Error 10000 10000
Deposit in transit 169,000 136,000 Adjusted Bal. 426,000 167,000 37,000 556,000 Adjusted Bal. 426,000 167,000 37,000 556,000
Outstanding checks 23,000 30,000

Aditional information:
a. Disbursements in April of P45,000 were recorded as P54,000.
b. Deposit in April amounting to P10,000 was erroneously credited by the bank to another company's account.

Prepare a proof of cash

Bak per book -32560 Bal. per bank 199925 BOOKS
Note collected inc. Int. 252500 Undeposited receipts 13025 Cash Sales
NSF -42040 Deposit in Transit 35000
Cash that is missing -64025 Outstanding check -204055 Cash 64025
overstatement of collection -64980 Adjusted cash 43895 Sales 64025
PCF -5000
Adjusted Cash 43895
PCF 5000
paid PCV 1800

PCF
CinB
Deposit in Transit, beg 40000 Deposit in transit 35000
Add Cash receipts 220000
Total 260000
Less: Deposits rec. in Bank Statement
225000
Deposit in Transit, end 35000

Outstanding checks, beg. 60000 Check 212613 5000

Add: Check drawn 138500 check 212614 4000
Total 198500 check 212616 16000
Less: Cash paid by the bank 173500 O.C. 25000
Oustanding check, end 25000

Cash Disbursement 140300

Book Errror/Overstatement of CD
Check # 212612 1800
Adj. CD 138500

Bal per book 229700 bal per bank 235000

Note collected by bank 50000 Deposit in Transit 35000
Overstatement of CD(212612) 1800 Outstanding Check -25000
NSF -35000 Adj. cash 245000
BSC -1500
Adj. Cash Bal 245000
bal per book 17194 bal per bank 31848
Proceeds of bank loan 5700 DiT 4880
Note col.by bank inc int. 8100 bank error 800
BSC -109 OC -6728
DM-checks printed -225 bank error -900
NSF -760 Adj. Cash 29900
Adj. Cash 29900