Proof of Cash Problems 1. Lazer Company had the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit Total Outstanding checks Balance per book, June 30 P3,000,000 400,000 3,400,000 (900,000) P2,500,000 The bank statement for the month of July showed the following: The month Deposits, including P200.000 note collected for Lazer P9.000.000
Proof of Cash Problems 1. Lazer Company had the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit Total Outstanding checks Balance per book, June 30 P3,000,000 400,000 3,400,000 (900,000) P2,500,000 The bank statement for the month of July showed the following: The month Deposits, including P200.000 note collected for Lazer P9.000.000
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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