Professional Documents
Culture Documents
Act 12
Act 12
control. In its employ is Alex Coopit, the company’s cashier bookkeeper. Alex handles cash
receipts, makes small disbursements from the cash receipts, maintains accounting records, and
prepares the monthly bank reconciliation.
The bank statement for the month ended March 31, 2018 shows a cash balance of
P590,000. The following checks are outstanding as of March 31: