As of June 30, the bank statement of Lilac had an ending balance of P373,612. The following data were assembled in the course of reconciling the bank balance: The bank erroneously credited Lilac for...


As of June 30, the bank statement of Lilac had an ending balance of P373,612. The following data were assembled in the course of reconciling the bank balance:




  • The bank erroneously credited Lilac for P2,150 on June 22.

  • During the month, the bank charged back NSF checks amounting to P2,340 of which P800 had been redeposited by the 25th of June.

  • Collection for June 30 totaling P10,330 was deposited the following month.

  • Checks outstanding as of June 30 were P30,205.

  • Notes collected by the bank for Lilac were P8,150 and the corresponding bank charges were P50.



The adjusted bank balance on June 30 is



Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here