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Determine the balance in lakers cash account

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Reference no: EM132621282

The following information has been extracted from the accounting records of the Lakers Corporation:

1. Cash on hand (undeposited sales receipt)                               P1,020

2. Certificate of deposit                                                           25,000

3. Customer's note receivable                                                      1,000

4. Reconciled balance in First Standard Bank Checking account          (350)

5. Reconciled balance in Prime National Bank Checking account          9,350

6. Balance in Rural Bank savings account                                          8,560

7. Customer's postdated check                                                        1,350

8. Employee travel advances                                                          1,600

9. Cash in bond sinking Fund                                                          1,200

10. Bond sinking fund investments                                                   8,090

11. Postage stamps                                                                       430

Required:

Problem 1: Determine the balance in Lakers Cash account.

Reference no: EM132621282

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