Reference no: EM132936380
Question - The following information is available for the BTS Company on March 31 of the current year:
Bank statement balance, March 31 - P146,570
Note collected by bank, including interest of P2,500, not yet taken up on the books - P62,500
NSF check returned with the bank statement - P21,260
Outstanding checks as of March 31 - P68,470
Bank service charges for March - P1,285
Credit memo for interest credited by bank for the month of March - P105
What is the correct cash balance at March 31?
-P76,815
-P38,145
-P78,205
-P78,100
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