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  • 03 PROOF OF CASH Multiple Choice Section 1 Solution 9 12

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    Erika Faith Hallador
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    The document shows bank and book balances for a company over November and December, including receipts, disbursements, and adjustments for items like bank errors, deposits in transit, outstanding checks, cash management, and non-sufficient funds. The adjusted ending balances for both the bank and book were $3.5 million in November and $4.9 million in December.

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    03-PROOF-OF-CASH-Multiple-Choice-Section-1-Solution-9-12

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    The document shows bank and book balances for a company over November and December, including receipts, disbursements, and adjustments for items like bank errors, deposits in transit, outstanding checks, cash management, and non-sufficient funds. The adjusted ending balances for both the bank and book were $3.5 million in November and $4.9 million in December.

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    © All Rights Reserved
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    7 views1 page

    03 PROOF OF CASH Multiple Choice Section 1 Solution 9 12

    Uploaded by

    Erika Faith Hallador
    The document shows bank and book balances for a company over November and December, including receipts, disbursements, and adjustments for items like bank errors, deposits in transit, outstanding checks, cash management, and non-sufficient funds. The adjusted ending balances for both the bank and book were $3.5 million in November and $4.9 million in December.

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    © All Rights Reserved
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    of 1

    Dec

    Bank Nov Receipts Disbursement Dec


    Bal.per bank ( 3,600,000) ( 5,500,000) ( 4,400,000) ( 4,700,000)
    DIT:
    Nov ( 800,000) ( (800,000)
    Dec ( 700,000) ( 700,000)
    OC:
    Nov ( (1,200,000) ( (1,200,000)
    Dec ( 500,000) ( (500,000)
    Bank error:
    Nov ( (200,000) ( (200,000)
    Dec
    Adjusted bal. ( 3,000,000) ( 5,400,000) ( 3,500,000) ( 4,900,000) #9

    Dec
    Book Nov Receipts Disbursement Dec
    Bal.per book ( 3,000,000) ( 4,400,000) ( 3,100,000) ( 4,300,000)
    CM:
    Nov ( - )
    Dec ( 1,000,000) ( 1,000,000)
    SC:
    Nov ( - )
    Dec ( 50,000) ( (50,000)
    NSF:
    Nov ( - )
    Dec ( 350,000) ( (350,000)
    Adjusted bal. ( 3,000,000) ( 5,400,000) ( 3,500,000) ( 4,900,000) #9

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