9. Core Company provided the following data for the purpose of reconciling the cash balance per book with the cash balance per bank statement on December 31: Balance per book 850,000 Balance per bank statement 2,000,000 Outstanding checks, including certified check of P100,000 500,000 Deposit in transit 200,000 December NSF checks, of which P50,000 had been redeposited and cleared on December 27 150,000 Erroneous credit to Core's account, representing proceeds of loan granted to another company 300,000 Proceeds of note collected by bank for Core, net of service charge of P20,000 750,000 What amount should be reported as cash in bank at year-end?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question
G Google
2ND SEM-A x
M Inbox - sam X
FREE Chegg x
b Answered:
G Sapphire Cc x
b My Questic
O Answer San X
f (1) Faceboo X
+
O File
C:/Users/NEIDEN/Documents/2ND%20SEM%20MODULE/2ND%20SEM-ACCTG%203.pdf
2ND SEM-ACCTG 3.pdf
24 / 88
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What is the cash balance per ledger on December 31?
9. Core Company provided the following data for the purpose of reconciling the cash
balance per book with the cash balance per bank statement on December 31:
Balance per book
850,000
Balance per bank statement
2,000,000
Outstanding checks, including certified check of P100,000
500,000
Deposit in transit
200,000
December NSF checks, of which P50,000 had
been redeposited and cleared on December 27
150,000
Erroneous credit to Core's account, representing
proceeds of loan granted to another company
300,000
Proceeds of note collected by bank for Core,
net of service charge of P20,000
750,000
What amount should be reported as cash in bank at year-end?
10. Laconic Company received the bank statement for the month of April which
included the following information:
10:17 AM
O Type here to search
4») ENG
1/29/2021
Transcribed Image Text:G Google 2ND SEM-A x M Inbox - sam X FREE Chegg x b Answered: G Sapphire Cc x b My Questic O Answer San X f (1) Faceboo X + O File C:/Users/NEIDEN/Documents/2ND%20SEM%20MODULE/2ND%20SEM-ACCTG%203.pdf 2ND SEM-ACCTG 3.pdf 24 / 88 110% + What is the cash balance per ledger on December 31? 9. Core Company provided the following data for the purpose of reconciling the cash balance per book with the cash balance per bank statement on December 31: Balance per book 850,000 Balance per bank statement 2,000,000 Outstanding checks, including certified check of P100,000 500,000 Deposit in transit 200,000 December NSF checks, of which P50,000 had been redeposited and cleared on December 27 150,000 Erroneous credit to Core's account, representing proceeds of loan granted to another company 300,000 Proceeds of note collected by bank for Core, net of service charge of P20,000 750,000 What amount should be reported as cash in bank at year-end? 10. Laconic Company received the bank statement for the month of April which included the following information: 10:17 AM O Type here to search 4») ENG 1/29/2021
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