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How much is the deposit in transit on december

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Reference no: EM133175942

Question - The following information was obtained in connection with the audit of X Co.'s cash account as of December 31, 2016:

Outstanding checks, Nov. 30, 2016 P16,250

Outstanding checks, Dec. 31, 2016 12,500

Deposit in transit, Nov. 30, 2016 12,500

Cash balance per general ledger, Dec. 31, 2016 37,500

Actual company collections from its customers during December 152,500

Company checks paid by bank in December 130,000

Bank service charges recorded on company books in December 2,500

Bank service charges per December bank statement 3,250

Deposits credited by bank during December 145,000

November bank service charges recorded on company books in December 1,500

The cash receipts book of December is underfooted by P2,500.

The bank erroneously charged the company's account for a P3,750 check of another depositor. This bank error was corrected in January 2017.

1. How much is the deposit in transit on December 31, 2016?

2. The total unrecorded bank service charges as of December 31, 2016 is.

3. What is the total book receipts in December?

4. What is the total amount of company checks issued in December?

5. What is the total book disbursements in December?

6. What is the book balance on November 30, 2016?

7. What is the bank balance on November 30, 2016?

8. What is the total bank receipts in December?

9. What is the total bank disbursements in December?

10. What is the bank balance on December 31, 2016?

Reference no: EM133175942

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