BSA Company prepared the November 30, 2020 bank reconciliation as follows: Balance per bank statement P1,500,000 200.000 P1,700,000 450,000 P1,250.000 Add: Deposit in transit Total Less: Outstanding...


BSA Company prepared the November 30, 2020 bank reconciliation as follows:<br>Balance per bank statement<br>P1,500,000<br>200.000<br>P1,700,000<br>450,000<br>P1,250.000<br>Add: Deposit in transit<br>Total<br>Less: Outstanding checks<br>Balance per book, November 30<br>The bank statement for December 2020 showed the following:<br>a. Deposits totaled P4,500,000, including P100,000 note collected for BSA<br>Company.<br>b. Disbursements totaled P3,500,000, including P70,000 NSF check and P5,000<br>service charge.<br>c. The outstanding checks totaled P300,000 and the deposit in transit amounted to<br>P500,000 on December 31.<br>d. All reconciling items on November 30 cleared through the bank in December.<br>Complete the bank reconciliation:<br>Balance per bank statement, Dec. 31<br>Add:<br>Deposit in transit<br>Total<br>P<br>Less:<br>Adjusted bank balance, Dec. 31<br>Balance per book, Dec. 31<br>Note collected by bank<br>P<br>Add:<br>Total<br>Less: NSF check<br>Bank service charge<br>Adjusted book balance, Dec. 31<br>What is the unadjusted bank balance on December 31, 2020?<br>How much is the total cash receipts per book in December? Show computation. I<br>How much is the total cash disbursements per book in December? Show computation. (<br>

Extracted text: BSA Company prepared the November 30, 2020 bank reconciliation as follows: Balance per bank statement P1,500,000 200.000 P1,700,000 450,000 P1,250.000 Add: Deposit in transit Total Less: Outstanding checks Balance per book, November 30 The bank statement for December 2020 showed the following: a. Deposits totaled P4,500,000, including P100,000 note collected for BSA Company. b. Disbursements totaled P3,500,000, including P70,000 NSF check and P5,000 service charge. c. The outstanding checks totaled P300,000 and the deposit in transit amounted to P500,000 on December 31. d. All reconciling items on November 30 cleared through the bank in December. Complete the bank reconciliation: Balance per bank statement, Dec. 31 Add: Deposit in transit Total P Less: Adjusted bank balance, Dec. 31 Balance per book, Dec. 31 Note collected by bank P Add: Total Less: NSF check Bank service charge Adjusted book balance, Dec. 31 What is the unadjusted bank balance on December 31, 2020? How much is the total cash receipts per book in December? Show computation. I How much is the total cash disbursements per book in December? Show computation. (

Jun 11, 2022
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