question archive 1) David Company prepared the following bank reconciliation on December 31,201A: Balance per bank statement P 2,800,000 Add: Deposit in Transit P 195,000 Checkbook printing charge 5,000 Error made by David in recording Check No
1) David Company prepared the following bank reconciliation on December 31,201A: Balance per bank statement P 2,800,000 Add: Deposit in Transit P 195,000 Checkbook printing charge 5,000 Error made by David in recording Check No
Subject:AccountingPrice: Bought3
1) David Company prepared the following bank reconciliation on December 31,201A:
Balance per bank statement P 2,800,000
Add: Deposit in Transit P 195,000
Checkbook printing charge 5,000
Error made by David in recording Check No.14
(Issued in December) 35,000
NSF Check 110,000 345,000
P 3,145,000
Less: Outstanding checks 100,000
Note collected (includes P15,000 interest) 215,000 315,000
Balance per books P 2,830,000
The entity had P200,000 cash on hand on December 31,201A. What amount should be reported as cash in the statement of financial position on December 31,201A?
