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Egad Company provided the following information for October and November: Checks and charges recorded by Bank in November Including a November service charge of P8,000 and And NSF check of P40,000 Service Charge made by bank in October and recorded by 1,100,000 Depositor in November Total credits to cash in all journals during November Customer NSF check returned in October and redeposited In November (no entry made by depositor in either October Or November Outstanding checks on October 31 that cleared in November 4,000 1,240,000 80,000 560,000 27. How much are the checks paid by bank in November? 28. What is the amount of outstanding checks on November 30?

Egad Company provided the following information for October and November: Checks and charges recorded by Bank in November Including a November service charge of P8,000 and And NSF check of P40,000 Service Charge made by bank in October and recorded by 1,100,000 Depositor in November Total credits to cash in all journals during November Customer NSF check returned in October and redeposited In November (no entry made by depositor in either October Or November Outstanding checks on October 31 that cleared in November 4,000 1,240,000 80,000 560,000 27. How much are the checks paid by bank in November? 28. What is the amount of outstanding checks on November 30?

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter5: Bank Reconciliation (bankrec)
Section: Chapter Questions
Problem 1R
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Egad Company provided the following information for October and November: Checks and charges recorded by Bank in November Including a November service charge of P8,000 and And NSF check of P40,000 1,100,000 Service Charge made by bank in October and recorded by Depositor in November 4,000 1,240,000 Total credits to cash in all journals during November Customer NSF check returned in October and redeposited In November (no entry made by depositor in either October Or November 80,000 560,000 Outstanding checks on October 31 that cleared in November 27. How much are the checks paid by bank in November? 28. What is the amount of outstanding checks on November 30?
Transcribed Image Text:Egad Company provided the following information for October and November: Checks and charges recorded by Bank in November Including a November service charge of P8,000 and And NSF check of P40,000 1,100,000 Service Charge made by bank in October and recorded by Depositor in November 4,000 1,240,000 Total credits to cash in all journals during November Customer NSF check returned in October and redeposited In November (no entry made by depositor in either October Or November 80,000 560,000 Outstanding checks on October 31 that cleared in November 27. How much are the checks paid by bank in November? 28. What is the amount of outstanding checks on November 30?
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