Reference no: EM133086124
Question - Following information pertains to the Cash in Bank account of VKS Company for the month of April 2021:
1. Balances per bank statement March 31, P21,560, and April 30, P23,040.
2. Balances of Cash in Bank account in Company's books: March 31, P16,545, and April 30, P22,860.
3. Total receipts per books were P222,190 of which P1,210 was paid in cash to a creditor on April 16.
4. Total charges in the bank statement during April were P218,970.
5. Undeposited receipts were: March 31, P9,060 and April 30, P10,120.
6. Outstanding checks were: March 1, P2,675 and April 30, P1,930, of which a check for P500 was certified by the bank April 22.
7. NSF check returned, recorded as reductions of cash receipts, were:
a. Returned by Bank in April, recorded also in April, P1,040
b. Returned by Bank in April but recorded in May, P860.
8. Collections by Bank not recorded by company were P12,150 in March, and P11,640 in April.
9. Bank service charges not entered in company's books were: Marc 31, P750, and April 30, P420.
10. A check for P950 of IntAcc1 Company was charged to CPA Company in error.
11. A check drawn for P840 was erroneously entered in the books as P480.
What is the adjusted balance of cash as of April 30, 2021?
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