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What is the amount of cash receipt per book in April

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Question - RHEA Company had the following bank reconciliation at March 31, 2020:

Balance per bank statement, 03/31 P465,000

Deposit in transit P100,000

Debit memo 10,000 110,000

Total P575,000

Less: Outstanding checks P125,000

Credit memo 60,000 185,000

Balance per book, 03/31 P390,000

All reconciliation items at March 31, 2020 cleared through the bank in April. Outstanding checks at April 30,2020, totaled P75,000; deposits in transit amounted to P150,000; Credit memo for April - P80,000; Debit memo for April, P15,000, Erroneous book receipt on April - P19,000, but corrected on the same month, bank receipts for April - P600,000 and a bank disbursement for April P500,000. What is the amount of cash receipt per book in April?

Reference no: EM132937577

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