The following information pertains to Cuay Corporation, whose deposits in transit totaled P49,000at December 31, 2020:Cuay CorporationBANK RECONCILIATIONNovember 30, 2020Balance per bank statement P 435,000Less: Outstanding checksCheck No. 4321 P 6,000Check No. 4329 15,000Check No. 4340 1,700Check No. 4341 4,675 27,375Total P 407,625Add: Deposits in transit 16,200Balance per books P 423,8251. What is the adjusted cash balance on November 30, 2020?2. What is the adjusted cash balance on December 31, 2020? BANK STATEMENTBANKABLE BANKPage 1 of 1PERIOD: November 30, 2020 to December 31, 2020No.: 001-43-44DateDescriptionCheck No.DebitCreditBalanceP 435,000451,200436,200426,700Balance last statementP 16,200Cash depositCheck issuedDec.1P 15,0009,5004,675143294Check issued43424Check issued4341422,0255Check deposit49,000471,025Check issued43434,200466,825480,825477,070381,07068Check deposit14,0003,75596,00010,00098,0001,00010Check issued434415Encashment4346EncashmentEncashmentDebit memo – BSCCredit memo – interest224350371,070273,070272,070273,62028435129291,550 CHECK REGISTERDecember 2020VouchersDateРаyeCheck No.DiscountCashРаyableP 10,0004,2003,755San Beda, Inc.Miriam CorporationUE EnterprisesPSBA Corporation15 Рayroll16 BU, Inc.New Era CompanyUST, Inc.22 Petty cash fund28 РаyrollDec.14342P500P9,500343434,2003,75511,88074344434512,00096,0006,30014,2007,00012120434696,0006,30014,0584347184348142217,00010,0004349435010,00098,000435198,000TotalP 261,455P762P 260,693

The following information pertains to Cuay Corporation, whose deposits in transit totaled P49,000 at December 31, 2020: Cuay Corporation BANK RECONCILIATION November 30, 2020 Balance per bank statement P 435,000 Less: Outstanding checks Check No. 4321 P 6,000 Check No. 4329 15,000 Check No. 4340 1,700 Check No. 4341 4,675 27,375 Total P 407,625 Add: Deposits in transit 16,200 Balance per books P 423,825 1. What is the adjusted cash balance on November 30, 2020? 2. What is the adjusted cash balance on December 31, 2020?

The following information pertains to Cuay Corporation, whose deposits in transit totaled P49,000 at December 31, 2020: Cuay Corporation BANK RECONCILIATION November 30, 2020 Balance per bank statement P 435,000 Less: Outstanding checks Check No. 4321 P 6,000 Check No. 4329 15,000 Check No. 4340 1,700 Check No. 4341 4,675 27,375 Total P 407,625 Add: Deposits in transit 16,200 Balance per books P 423,825 1. What is the adjusted cash balance on November 30, 2020? 2. What is the adjusted cash balance on December 31, 2020?

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.4C

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