ACC 101_Proof of Cash Assignment
Authored by John Servidad
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15 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 2 pts
The cash account in the ledger of Kate Company shows a balance of P1,652,000 at December 31. The bank statement, however, shows a balance of P2,000,000 at the same date. The only reconciling items consist of a bank service charge of P2,000, note collected of P10,000, a large number of outstanding checks totaling P590,000 and a deposit in transit. What is the deposit in transit in the December 31 bank reconciliation?
2.
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30 sec • 2 pts
What is the amount of outstanding checks on July 31 ?
3.
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30 sec • 2 pts
What is the amount of outstanding checks on November 30,2013?
4.
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30 sec • 2 pts
What is the amount of checks outstanding on June 30?
5.
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30 sec • 2 pts
What is the amount of deposits in transit on June 30?
6.
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30 sec • 2 pts
What is the adjusted cash in bank on June 30?
7.
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30 sec • 2 pts
What is the cash balance per book on July 31?
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