Solution-What amount should be reported as cash

What amount should be reported as cash

Assignment Help Accounting Basics

Reference no: EM132854926

Question - David Company prepared the following bank reconciliation on December 31,201A:

Balance per bank statement P 2,800,000

Add: Deposit in Transit P 195,000

Checkbook printing charge 5,000

Error made by David in recording Check No.14

(Issued in December) 35,000

NSF Check 110,000 345,000

P 3,145,000

Less: Outstanding checks 100,000

Note collected (includes P15,000 interest) 215,000 315,000

Balance per books P 2,830,000

The entity had P200,000 cash on hand on December 31,201A. What amount should be reported as cash in the statement of financial position on December 31,201A?

Reference no: EM132854926

Questions Cloud

Find the percentage of auto batteries of brand : Using the empirical rule, find the percentage of auto batteries of this brand that have a life of 42 to 46 months.

Do you believe blair recommendation to adjust allowance : Do you believe Blair's recommendation to adjust the allowance for doubtful accounts is within his rights as manager, or do you believe this action is an ethics

Prepare the journal entry to record the acquisition : Prepare the journal entry to record the acquisition of the bond on January 1, 2017. Show details of all calculations

Find the percentage of sat and act test-takers : Find the percentage of SAT and ACT test-takers who score a higher score than Eleanor and Gerald, respectively. How do the two percentages

What amount should be reported as cash : The entity had P200,000 cash on hand on December 31,201A. What amount should be reported as cash in the statement of financial position on December 31,201A

Jetred airways flies several daily flights : JetRed Airways flies several daily flights from Philadelphia to Chicago. How many seats should JetRed overbook?

Net exports effect : The "net exports effect" is the impact on a country's total spending caused by an inverse relationship between the price level and the net exports of an economy

Find out the percentage of langara students : The manager of the cafeteria wanted to find out the percentage of Langara students who spend more than $10 per day at the cafeteria.

M31222 Business Analytics Assignment : M31222 Business Analytics Assignment Help and Solution - improve business performance of the companies, or generally improve the decisions taken by these firms

User Account

All Pages

What amount should be reported as cash

Reference no: EM132854926

Reference no: EM132854926

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT