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In connection with your examination, the Caliao Company presented to you the following information regarding its Cash in Bank account for the month of December 2020: A. Balances per bank statements: November 30, P215,600 and December, P230,400. B. Balances of cash in bank account in company's books: November 30, P165,450 and December 31, P226,800. C. Total receipts per book were P2,221,900 of which P12,100 was paid in cash to a creditor on December 24. D. Total charges in the bank statement during December were P2,189,700. E. Undeposited receipts were: November 30, P90 600 and December 31, P101,200. F. Outstanding checks were: November 30, P26,750 and December 31, P19,300, of which a check for P5,000 was certified by the bank on December 26. G. NSF checks returned, recorded as reduction of cash receipts were: Returned by bank on December and recorded also in December P10,400. Returned by bank on December but recorded also in January P8,600. H. Collections by bank not recorded by company were P121,500 in November and P116,400 in December. I. Bank service charges not entered in company's books were: November 30, P7,500 and December 31, P4,200. J. A check for P9,500 of Caliao Company was charged by the bank in company's account K. A check drawn for P8,400 was erroneously entered in the books as P4,800. 9. How much is the adjusted cash balance as of November 30, 2020? 10. How much is the adjusted book receipts for December, 2020? 11. How much is the adjusted book disbursements for December, 20202 12. How much is the adjusted cash balance as of December 31, 20203

In connection with your examination, the Caliao Company presented to you the following information regarding its Cash in Bank account for the month of December 2020: A. Balances per bank statements: November 30, P215,600 and December, P230,400. B. Balances of cash in bank account in company's books: November 30, P165,450 and December 31, P226,800. C. Total receipts per book were P2,221,900 of which P12,100 was paid in cash to a creditor on December 24. D. Total charges in the bank statement during December were P2,189,700. E. Undeposited receipts were: November 30, P90 600 and December 31, P101,200. F. Outstanding checks were: November 30, P26,750 and December 31, P19,300, of which a check for P5,000 was certified by the bank on December 26. G. NSF checks returned, recorded as reduction of cash receipts were: Returned by bank on December and recorded also in December P10,400. Returned by bank on December but recorded also in January P8,600. H. Collections by bank not recorded by company were P121,500 in November and P116,400 in December. I. Bank service charges not entered in company's books were: November 30, P7,500 and December 31, P4,200. J. A check for P9,500 of Caliao Company was charged by the bank in company's account K. A check drawn for P8,400 was erroneously entered in the books as P4,800. 9. How much is the adjusted cash balance as of November 30, 2020? 10. How much is the adjusted book receipts for December, 2020? 11. How much is the adjusted book disbursements for December, 20202 12. How much is the adjusted cash balance as of December 31, 20203

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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In connection with your examination, the Caliao Company presented to you the following information regarding its Cash in Bank account for the month of December 2020: A. Balances per bank statements: November 30, P215,600 and December, P230,400. B. Balances of cash in bank account in company's books: November 30, P165,450 and December 31, P226,800. C. Total receipts per book were P2,221,900 of which P12,100 was paid in cash to a creditor on December 24. D. Total charges in the bank statement during December were P2,189,700. E. Undeposited receipts were: November 30, P90 600 and December 31, P101,200. F. Outstanding checks were: November 30, P26,750 and December 31, P19,300, of which a check for P5,000 was certified by the bank on December 26. G. NSF checks returned, recorded as reduction of cash receipts were: Returned by bank on December and recorded also in December P10,400. Returned by bank on December but recorded also in January P8,600. H. Collections by bank not recorded by company were P121,500 in November and P116,400 in December. Bank service charges not entered in company's books were: November 30, P7,500 and December 31, P4,200. J. A check for P9,500 of Caliao Company was charged by the bank in company's account K. A check drawn for P8,400 was erroneously entered in the books as P4,800. 1. 9. How much is the adjusted cash balance as of November 30, 2020? 10. How much is the adjusted book receipts for December, 2020? 11. How much is the adjusted book disbursements for December, 20202 12. How much is the adjusted cash balance as of December 31, 2020?
Transcribed Image Text:In connection with your examination, the Caliao Company presented to you the following information regarding its Cash in Bank account for the month of December 2020: A. Balances per bank statements: November 30, P215,600 and December, P230,400. B. Balances of cash in bank account in company's books: November 30, P165,450 and December 31, P226,800. C. Total receipts per book were P2,221,900 of which P12,100 was paid in cash to a creditor on December 24. D. Total charges in the bank statement during December were P2,189,700. E. Undeposited receipts were: November 30, P90 600 and December 31, P101,200. F. Outstanding checks were: November 30, P26,750 and December 31, P19,300, of which a check for P5,000 was certified by the bank on December 26. G. NSF checks returned, recorded as reduction of cash receipts were: Returned by bank on December and recorded also in December P10,400. Returned by bank on December but recorded also in January P8,600. H. Collections by bank not recorded by company were P121,500 in November and P116,400 in December. Bank service charges not entered in company's books were: November 30, P7,500 and December 31, P4,200. J. A check for P9,500 of Caliao Company was charged by the bank in company's account K. A check drawn for P8,400 was erroneously entered in the books as P4,800. 1. 9. How much is the adjusted cash balance as of November 30, 2020? 10. How much is the adjusted book receipts for December, 2020? 11. How much is the adjusted book disbursements for December, 20202 12. How much is the adjusted cash balance as of December 31, 2020?
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10. How much is the adjusted book receipts for December 2020?

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12. How much is the adjusted cash balance as of december 31, 2020?

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