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How much is the adjusted balance of cash in august

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Reference no: EM132612610

Information on ABC Co. is shown below:

                                      30-Jul                             Aug, 31

Book balance           132,200                  180,0000

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

Problem 1: How much is the adjusted balance of Cash in August?

A. P134,000

B. P132,000

C. Answer not given

D. P208,900

E. P136,200

Reference no: EM132612610

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