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What is the unadjusted book disbursements in December

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Reference no: EM132935235

Question - The following information was obtained in connection with the review of BTS Company's cash account as of December 31, 2020

Outstanding checks, 11/30/2020- P16,250

Outstanding checks, 12/31/2020- P12,500

Deposit in transit 11/30/2020- P12,500

Cash balance per ledger 12/31/2020- P37,500

Actual company collections from its customers during December- P152,500

Company checks paid by bank in December- P130,000

Bank service charges recorded on books of the company in December- P2,500

Bank service charges per December bank statement- P3,250

Deposit credited by bank during December- P145,000

November bank service charges recorded on company books on December- P1,500

The cash receipts per book of December is underfooted by P2,500. Also, the bank erroneously charged the company's account for a P3,750 check of another depositor. The bank error was corrected in January 2021.

The bank error was corrected in January 2021. What is the unadjusted bank receipts in December?

-P140,000

-P145,000

-P150,000

-P120,000

What is the unadjusted book disbursements in December?

-P123,750

-P128,750

-P128,500

-P126,250

Reference no: EM132935235

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