Reference no: EM132951067
The following information is available for Raphael on August 31, 2023:
Cash per bank statement balance, August 31, 2023 P400,000
Note, including interest of P1,000 collected by bank (not yet taken up in the books) 21,000
NSF check returned with the bank statement (not yet taken up in the books) 5,000
Deposit in transits: as of July 31, 2023 15,000
Deposit in transits: as of August 31, 2023 20,000
Outstanding checks as of August 31, 2023 (including P5,000 certified 30,000 checks)
Bank service charge for August 2023 500
A deposit made by Raphael's customer was erroneously credited to Rafael Company 3,000
A check drawn against the account of Ralph Company was erroneously debited against Raphael Company's account by the 5,000 bank
Customer checks deposited during August, P3,000 was recorded as P30,000 by the bank
Check No. 23456 for P25,600 was recorded in the disbursements journal as P26,500
Check No. 23459 for P58,500 was recorded in the disbursements journal as P55,800
Problem 1: The unadjusted balance per ledger is
A. P437,700
B. P377,300
C. P357,300
D. P362,300
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Prepare a statement of change in equity for the month
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: One piece of equipment was purchased for $400,000, with an estimated useful life of 8 years and residual value of $40,000. What is depreciation expense
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: What the unadjusted balance per ledger is? A deposit made by Raphael's customer was erroneously credited to Rafael Company 3,000
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