Question
Answered step-by-step

The next three items are based on the following information:

Taken from the records of Girly Co. are the following

Image transcription text

Deposit amounting to P1,050 was recorded by the bank in November as 150 Deposits in transit - October 31 4,500 Outstanding checks - October 31 3,800 10. How much are the deposits in transit on November 30? a. 5,820 b. 6,190 c. 5,340 d. 6,920 11. How much are the outstanding checks on November 30? a. 7,620 b. 8,680 c. 9,120 d. 8,280 12. How much is the adjusted balance of cash on November 30? a. 3,000 b. 3,300 c. 2,400 d. 3,580

... Show more

Image transcription text

The next three items are based on the following information: Taken from the records of Girly Co. are the following: Balance per books, October 31 4,440 Total Credits per books, November 8,320 Balance per books, November 30 2,400 Balance per bank statement, October 31 5,520 Balance per bank statement, November 30 4,560 Total Debits per bank statement, November 2,800 Loan proceeds directly credited to Girly's account in October 1,200 Collection of receivable directly credited to Girly's account in November - not yet recorded in the books 600 NSF checks returned in October 900 NSF checks returned in November - not yet recorded in the books 300 Check received from a customer amounting to P1,800 was recorded in the books in October as 180 Overstatement in book debit in October 800 Overstatement in book credit in November 300 Understatement in bank debit in October 290 Overstatement in bank credit in October 370

... Show more

Answer & Explanation
Verified Solved by verified expert
Rated Helpful

sum dolor sit

nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque d

Unlock full access to Course Hero

Explore over 16 million step-by-step answers from our library

Subscribe to view answer
Step-by-step explanation

1.PNG

congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui
1 Attachment
1.PNG
PNG
Student reviews
100% (3 ratings)