Republic of the PhilippinesJOSE RIZAL MEMORIAL STATE UNIVERSITYThe Premier University in Zamboanga del NorteMain Campus, Dapitan citySENIOR HIGH SCHOOL- ABM STRANDFUNDAMENTALS OF ABM 2NAME:DATE:PROGRAM & YEAR:GENDER: M( );F( );L( );G( );B( );T( )GENERAL INSTRUCTION: Apply everything that you have learned from the previous discussion. Understandcarefully each question and answer it with strict diligence. Use only ball pen, of any color, in answering.1.Ang Panday Company’s Bank statement for October 31, showed a cash balance of P1,890,000. Thecompany’s cash account in its general ledger showed a P890,000 debit balance. The followinginformation was also available as of October 31.a.A customer’s check for P320,000 marked NSF was returned by bank. The bank charged thecompany’s account a P500 processing fee.b.The October cash receipts, P1,320,000 were placed in the bank’s night depositary after bankinghours on that date and this amount did not appear on the October 31 bank statement.
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Taxation in the United States,Ang Panday Company,Ms. Gandara R. Squad