In preparing the bank reconciliation at December 31, 2021, Naive Company had made available the following information: Balance per bank statement - P380,750 Deposits in transit - P67,500 Outstanding checks - P52,000 Bank service charge for December - P750 Checks drawn, dated and recorded December 31, 2021, but not mailed until January 10, 2022 (included in the total outstanding checks given) - P9,000 Checks of Navy Company erroneously charged by bank to the account of Naive Company - P12,000 What is the amount shown as Cash on Naive Company's D
In preparing the bank reconciliation at December 31, 2021, Naive Company had made available the following information: Balance per bank statement - P380,750 Deposits in transit - P67,500 Outstanding checks - P52,000 Bank service charge for December - P750 Checks drawn, dated and recorded December 31, 2021, but not mailed until January 10, 2022 (included in the total outstanding checks given) - P9,000 Checks of Navy Company erroneously charged by bank to the account of Naive Company - P12,000 What is the amount shown as Cash on Naive Company's D
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...
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In preparing the bank reconciliation at December 31, 2021, Naive Company had made available the following information:
Balance per bank statement - P380,750
Deposits in transit - P67,500
Outstanding checks - P52,000
Bank service charge for December - P750
Checks drawn, dated and recorded December 31, 2021, but not mailed until January 10, 2022 (included in the total outstanding checks given) - P9,000
Checks of Navy Company erroneously charged by bank to the account of Naive Company - P12,000
What is the amount shown as Cash on Naive Company's December 31, 2021
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