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How much is the adjusted balance of Cash in August

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Reference no: EM132566152

Question - Information on ABC Co. is shown below:

 

30-Jul

Aug. 31

Book balance

132,200

180,000

Book debits

60,000

 

Book credits

?

 

Bank balance

100,600

169,000

Bank debits

20,600

 

Bank credits

?

 

Notes collected by bank

10,000

35,000

Debit memos

7,800

8,900

Understatement of book receipts

2,800

 

Deposit in transit

45,000

43,800

Outstanding checks

11,200

3,900

Required - How much is the adjusted balance of Cash in August?

a. P208,900

b. P132,600

c. P134,400

d. P136,200

e. Answer not given

Reference no: EM132566152

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