a.

Balance per books, October 31 4,440

b. Total Credits per books, November 8,320
c. Balance per books, November 30 2,400
d. Balance per bank statement, October 31 5,520
e. Balance per bank statement, November 30 4,560
f. Total Debits per bank statement, November 2,800
g. Loan proceeds directly credited to Girly’s account in
October 1,200
h. Collection of receivable directly credited to Girly’s
account in November – not yet recorded in the books 600
i. NSF checks returned in October 900
j. NSF checks returned in November - not yet recorded in
the books 300
k. Check received from a customer amounting to ₱1,800
was recorded in the books in October as 180
l. Overstatement in book debit in October 800
m. Overstatement in book credit in November 300
n. Understatement in bank debit in October 290
o. Overstatement in bank credit in October 370
p. Deposit amounting to ₱1,050 was recorded by
the bank in November as 150

Deposits in transit – October 31 4,500

Outstanding checks – October 31 3,800

Per books Per bank

a] Oct. 31 4,440 5,520 D] Oct. 31
Book Dr.
(squeeze) 6,280 F] Bank Dr. 2,800 1,840 Bank Cr. (squeeze)
8,320 b] Book Cr.
2,400 c] Nov. 30 E] Nov. 30 4,560

Deposits in transit
DIT, Oct. 31 4,500
Book debits 6,280 1,840 Bank credits
G] CM, Oct. (1,200) (600) H] CM, Nov.
K] Understated P] Understated
collections in Oct. 900 deposits in Nov.
(1,620) 3,460 2,140
(1,800 - 180) (1,050 - 150)

5,820 DIT, Nov. 30

 Outstanding checks
3,800 OC, Oct. 31
Bank debits 2,800 8,320 Book credits
J] DM, Nov. (300) (900) I] DM, Oct.
N] Understated bank L] Overstated book
debits in Oct. (290) (800) debits in Oct.
O] Overstated bank
credit in Oct. (370) 1,840
M] Overstated book
6,320 (300) credits in Nov.
OC, Nov. 30 8,280

Bal. per books, Nov. 30 2,400 Bal. per bank statement, Nov. 30 4,560
Add: Credit memos : Add: Deposits in transit 5,820
Proceeds from loan 600 Less: Outstanding checks (8,280)
Less: Debit memos: Add/Less: Bank errors:
NSF check (300) Understatement of deposit 900
Add/Less: Book errors:
M] Overstatement of
Payments 300

Adjusted balance 3,000 Adjusted balance 3,000