Reference no: EM132691292
On June 30, 2020, the bank statement of Bacon Company had an ending balance of P 3,735,000. The following data were assembled in the course of reconciling the bank balance:
The bank erroneously credited Bacon Company for P 21,000 on June 22
During the month, the bank charged back NSF checks amounting to P23,000 if which P8,000 had been redeposited by June 25
Collection for June 30 totalling P 103,000 was deposited the following month
Checks outstanding on June 30 amounted to P302,000
Note collected by the bank for Bacon Company was P80,000 and the corresponding bank charge was P5,000
Problem 1: What is the unadjusted cash in bank per ledger on June 30, 2020?
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