Cash balance per general ledger on December 31 was P37,500. The company recorded actual company collections amounting to P152,500 from its customers during December. Also in the same month, it recorded bank service charges of P2,500, including P1,500 that is for November. The December bank statement showed total deposits credited by the bank of P145,000 and total checks paid amounting to P133,750 and bank service charge of P3,250.
*The Outstanding Checks on November 30 and December 31 were P1
Cash balance per general ledger on December 31 was P37,500. The company recorded actual company collections amounting to P152,500 from its customers during December. Also in the same month, it recorded bank service charges of P2,500, including P1,500 that is for November. The December bank statement showed total deposits credited by the bank of P145,000 and total checks paid amounting to P133,750 and bank service charge of P3,250.
*The Outstanding Checks on November 30 and December 31 were P1
Cash balance per general ledger on December 31 was P37,500. The company recorded actual company collections amounting to P152,500 from its customers during December. Also in the same month, it recorded bank service charges of P2,500, including P1,500 that is for November. The December bank statement showed total deposits credited by the bank of P145,000 and total checks paid amounting to P133,750 and bank service charge of P3,250.
*The Outstanding Checks on November 30 and December 31 were P1