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How much is the correct cash balance at dec

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Reference no: EM133180640

Question - The books of ABC Corp disclosed a cash balance of P687,000 at Dec 31. Additional information showed the following:

a. An NSF check for Dec was for P4,000.

b. Bank credit memo for Dec was P3,500.

c. Deposit in transit, P5,000.

d. Outstanding checks, P3,400

e. Undeposited collections P10,000.

Required - How much is the correct cash balance at Dec 31?

Reference no: EM133180640

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