Reference no: EM133188591
Question - In the course of your audit of the financial statements of Apayao Corp. for the period ended December 31, 2021, you gathered the following information regarding the entitiy's current account in BPI:
Balances taken from the company's general ledger:
Cash balance, November 30, 2021 P629,860
Cash balance, December 31, 2021 576,420
Receipts, December 1 - 31, 2021 306,220
Balances taken from the December bank statement:
Bank balance, November 30, 2021 P685,180
Bank balance, December 31, 2021 637,220
Disbursements (debit) 356,080
Outstanding checks, November 30, 2021 (P26,140 was paid by the bank in December), P72,140.
Deposit in transit, November 30, 2021, P15,260.
A bank credit memo was issued in December to correct an erroneous charge made in November, P1,500.
Note collected by bank in December (company was not informed of the collection), P2,060.
A check for P2,020 (payable to a supplier) was recorded in the Check Register in December as P3,000.
A check for P2,240 was charged by the bank as P2,420 in December.
Apayao Corp. issued a stop payment order to bank in December. This pertains to a check written in December which was not received by the payee. A replacement check was written and released in December. No entry has been made in the books for the write-off of the old check and the release of the new check.
Bank service charge, November 30, 2021, P60.
What is the total bank credits for the month of December?
What will be the amount of interest
: On January 1, 2013, he took a loan of Rs. 1,00,000 at 12% interest, 50,000 Dhaka. If a quarter is paid on March 31, 2014, what will be the amount of interest
|
Conduct online search on organisational structure of company
: analyse whether the company is adopting mechanistic structure or organic structure by explaining the six elements of organisational design
|
What is the equivalent annual cost of this equipment
: The relevant tax rate is 23 percent. All cash flows occur at the end of the year. What is the equivalent annual cost (EAC) of this equipment
|
Define the minimum viable product
: Identification of epics and user stories to define the Minimum Viable Product (MVP) for first release - Demonstrate methods for eliciting, analysing
|
What is the total bank credits for the month of december
: A check for P2,240 was charged by the bank as P2,420 in December. What is the total bank credits for the month of December
|
What the adjusted retained earnings balance
: After correcting the beginning inventory, net income for 2021 was P4,500,000. The adjusted Retained Earnings balance as of Jan. 1, 2021 is
|
Provide summary of ideo shopping cart
: Make sure you include your own critical thinking on the subject matter, Please provide in-depth explanations
|
Compare the effects of the higher anticipated traffic flow
: Compare the effects of the higher anticipated traffic flow on the national road of 400 veh/h and 600 veh/h to the effect of the current traffic flow
|
What is the amount of net profit
: Question - Metro Company (lessor) leased equipment to Sands, Inc. (lessee) on January 1, Year 1. What is the amount of net profit
|