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What is the unadjusted book balance

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Reference no: EM132979009

Question - Sinovacla Company had the following bank reconciliation on August 31, 2020: Balance per bank statement, 8/31/20 279,000 Add: Deposit in transit 61,800 Total 340,800 Less: Outstanding checks 75,600 Balance per book, 8/31/20 265,200. The bank statement for the month of September showed the following: Total deposits P350,400 Total disbursements 298,200 All reconciling items at August 31, 2020 cleared through the bank in September. Outstanding checks at September 30, 2020 amounted to P45,000.

Required -

1. What is the unadjusted book balance at September 30, 2020? a. P331,200 b. P317,400 c. P286,200 d. P351,000

2. What is the amount of cash disbursements per book in September 2020? a. P343,200 b. P328,800 c. P298,200 d. P267,600

Reference no: EM132979009

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