User Account

All Pages

How much is the adjusted balances

Assignment Help Accounting Basics
Reference no: EM132740775

Question - The following date were taken from the accounting records of DBM for the month of October 31, 2019:

Unadjusted balance per bank is P 6,211,025, per book P5,345,125.

The following are additional information related to the transaction:

NCA for regular account with ARO in the amount of 1,500,000 was not included by DBM in its book. MDS check in the amount of 10,425 was cancelled duty to the expiration of validity. Check issued for MDS regular account was erroneously recorded as P43,500, instead of P39,000. NCA lapsed for regular account with SARO in the amount of 260,075. The bank-imposed charges in the amount of 1,875. Outstanding check amounted to 62,925. The bank erroneously recorded NCA for regular account understating it by P450,000.

Required - How much is the adjusted balances?

Reference no: EM132740775

Questions Cloud

Positive environmental effect of tourism and hospitality : How can the negative effects of tourism on the economy by reduced?
Name three innovative undergraduate programs : Name three innovative undergraduate programs in the business field which arenot in pakistan.
How would you go about in developing a standard jd and js : JINNAH Hospital has been growing as it provides quality, quick-caring services to the patients. Dr. Aizaz, Administrator is a man with reasonably good medical.
Identify the potentially dilutive securities : Identify the potentially dilutive securities which could be included in the computation of diluted earnings per share. Be sure to support your answer
How much is the adjusted balances : NCA for regular account with ARO in the amount of 1,500,000 was not included by DBM in its book. How much is the adjusted balances
Month living expenses covered ratio : Use a "made-up" example of a typical household's monthly income statement and balance sheet. And provide a personal balance sheet as of the start of the semeste
What are the different approaches that the ceo could use : What are the different approaches that the CEO could use to manage the change? What are the major strategies that can be used to improve acceptance.
Explain limitation of the constant dividend growth model : Briefly discuss two (2) reasons each for an investor to prefer to invest in the convertible bonds of a company over the company's
Most common challenges a firm resident : 1. What are the most common challenges a firm resident in a segmented market faces in regard to its access to capital?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the four bases of measurement with example

The process of determining the monetary amount,The IASB Framework includes the four bases of measurement. Explain these four bases of measurement with example.

  How should the finance commissioner respond to the mayor

I promised to put more police patrols on the street. Let, use the bond proceeds to hire more police officers How should the finance commissioner respond to the mayor?

  What type of taxpayers are considered eligible taxpayers

What type of taxpayers are considered "eligible" taxpayers with regard to special ordinary loss treatment of IRC Section 1244 stock

  Compute for each brand of purchases

Assume a Black brand sells for P2,400 and a Gray brand sells for P2,750. Compute for each brand: sales revenue(7-8) and gross profit on sales(9-10).

  What is northwest before-tax cost of debt

Northwest Corporation is estimating its WACC. What is Northwest' before-tax cost of debt. What is the firm's cost of common stock (RE) (rs) using DCF approach

  Janes medical equipment company manufactures hospital beds

janes medical equipment company manufactures hospital beds. its most popular model deluxe sells for 5000. it has

  Means of checking references

What are the advantages and disadvantages of using social media as a means of checking references?

  What is the value of ending inventory using FIFO

Assume that CAISCO Sales Inc. uses a periodic inventory system. What is the value of ending inventory using FIFO

  Prepare the journal entries in airbus point of view

September 10, Airbus company acquires First Solar 104,040,000 share at 33.54€ for a total of €3489.501.600. Prepare the journal entries in Airbus point of view.

  What is the maximum amount of cca saul

Saul has two residential rental properties that are mortgaged. What is the maximum amount of CCA Saul will be able to claim this year

  Assume the marina operator is unsophisticated in business

Assume the marina operator is unsophisticated in business. Explain the managerial significance of the above accounting to this person.

  Discuss c-corporation creates a plan of redemption

A single shareholder of a C-corporation creates a plan of redemption whereby the C-corporation will redeem his stock for cash

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd