Proof of Cash
Extracted text: 2. Bedlam Company provided the following data for the month of December: November 30 2,032,000 1,890,000 Cash in bank account balance Bank statement balance Bank debits Bank credits Book debits Book credits December 31 3,160,000 2,900,000 1,080,000 ? ? Outstanding checks Deposit in transit 1,440,000 180,000 80,000 592,000 498,000 18 | P age SAINT COLUMBAN COLLEG Corner V. Cerilles - Sagun Streets, San Francisco District, Pagadian City Tel Nos: 2151799/2151800 | Fax No: 2141290 | Website: www.sccpag.edu.ph | E-mail:
[email protected] Check erroneously charged by bank against entity's account (corrected in subsequent month) Bank service charge Note recorded as cash receipt by entity when placed with bank for collection (note is actually collected by bank in subsequent month and credited by bank to entity's account in same month) 40,000 2,000 50,000 4,000 200,000 300,000 Required: Prepare a four-column reconciliation showing adjusted balances.