These data pertain to St. Luke Company as of December 31, 2020: Bank service charge not recorded by St. Luke Bank statement, December 31 Checks outstanding (including certified check of P20,000) Customer note collected by bank for St. Luke 20,000 4,000,000 500,000 150,000 Deposit in transit Error made by the bank in recording check issued by St. Lucas Error made by the company in recording check that cleared the bank in December (check was drawn in December for P30,000 but recorded at P80,000) Technically defective checks of customers returned by bank 300,000 40.000 50,000 200,000 What is the cash balance per ledger on December 31, 2020? O A. 3,980,000 B. 3,880,000 О С. 3,860,000 D. 3,800,000
These data pertain to St. Luke Company as of December 31, 2020: Bank service charge not recorded by St. Luke Bank statement, December 31 Checks outstanding (including certified check of P20,000) Customer note collected by bank for St. Luke 20,000 4,000,000 500,000 150,000 Deposit in transit Error made by the bank in recording check issued by St. Lucas Error made by the company in recording check that cleared the bank in December (check was drawn in December for P30,000 but recorded at P80,000) Technically defective checks of customers returned by bank 300,000 40.000 50,000 200,000 What is the cash balance per ledger on December 31, 2020? O A. 3,980,000 B. 3,880,000 О С. 3,860,000 D. 3,800,000
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 2.10C
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