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What is the unadjusted cash in bank per ledger on july

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Reference no: EM132950635

On July 31, 2022, the bank statement of Rose Company had an ending balance of P3 735 000. The following data were assembled in the course of reconciling the bank balance:

  • The bank erroneously credited Rose Company for P21 000 on July 25.
  • During the month, the bank charged back NSF checks amounting to P23 000 of which P8 000 had been redeposited by July 28.
  • Collection for July 31 totaling P103 000 was deposited the following month.
  • Checks outstanding on July 31 amounted to P302 000.
  • Note collected by the bank for Rose Company was P80 000 and the corresponding bank charge was P5 000.

Problem 1: What is the unadjusted cash in bank per ledger on July 31, 2022?

A. 3,575,000

B. 3,455,000

C. 3,515,000

D. 3,795,000

Reference no: EM132950635

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