The cash account of nunal company shows the following activites:

Date debit credit balance

June.30 balance
345,000
July.2 june.bank charges 150 344,850
July.4 june.bank credit for notes
Receivable collected 30,000 374,850
July.15 nsf check 3,900 370,950
July.20 loan proceeds 145,500 516,450
July.21 july. bank charges 180 516,270
July31 cash receipts book 2,121,900 2,638,170
July31 cash disbursement book 1,224,000 1,414,170
CASH BOOKS
RECEIPTS PAYMENTS

m
er as
Date or no. Amount check no payments

co
July 1 110-120 33,000 801 6,000

eH w
2 121-136 63,900 802 9,000

o.
3 137-150 60,000 803 3,000
4 151-165
rs e 168,000 804 9,000
ou urc
5 166-190 117,000 805 36,000
8 191-210 198,000 806 57,000
9 211-232 264,000 807 78,000
o

10 233-250 231,000 808 90,000

aC s

11 251-275 63,000 809 183,000

vi y re

12 276-300 90,000 810 21,000

15 301-309 165,000 811 24,000
16 310-350 24,000 812 48,000
ed d

17 351-390 57,000 813 60,000

ar stu

18 391-420 27,000 814 66,000

19 421-480 51,000 816 108,000
22 481-500 63,000 817 33,000
is

23 501-525 96,000 818 150,000

Th

23 - 819 21,000
23 - 820 12,000
26 526-555 222,000 821 9,000
sh

28 556-611 15,000 822 36,000

28 - - 823 39,000
29 612-630 114,000 824 87,000
29 - - 825 6,000
29 - - 826 33,000
Totals 2,121,900 1,224,000

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 BANK STATEMENT
DATE CHECK CHARGES CREDITS
July 1 792 7,500 25,500
2 802 9,000 33,000
3 - - 63,900
4 804 9,000 60,000
5 EC 243,000 243,000
8 805 36,000 285,000
9 CM 16 - 36,000
10 799 21,150 462,000
11 DM 57 3,900 231,000
12 808 90,000 63,000
15 803 3,000 -
16 809 183,000 255,000

m
er as
17 DM 61 180 24,000

co
18 813 60,000 57,000

eH w
19 CM20 - 145,500

o.
22 815 18,000 -
23
rs e
816 108,000 141,000
ou urc
23 811 24,000 -
23 801 6,000 -
26 814 66,000 96,000
o

28 818 150,000 222,000

aC s

28 DM 112 360 -
vi y re

29 821 9,000 15,000

29 CM 36 - 36,000
29 820 12,000 -
ed d
ar stu

Additional information
1. DMs 61 and 112 are for service charges
is

2. EC is error corrected
Th

3. DM 57 is for an NSF check

4. CM 20 is for loan proceeds, net of 450 interest charges for 90 days
5. CM 16 is for the correction of an erroneous Juneember bank charge
sh

6. CM 36 is for customers’ note collected by bank in Julyember

7. Bank balance on Julyember 31 is P1,776,810
Based on the following proceeding information, determining the following
1. Outstanding checks at june 30

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 a. 39,150 b. 28,650 c. 21,150 d. 46,650
2. Outstanding checks at july 31
a. 459,000 b. 477,000 c. 441,000 d. 487,650
3. Deposit in transit at june 30
a. 58,500 b. 145,500 c. -0- d. 25,500
4. Deposit in transit at july 31
a. 114,000 b. 139,500 c. 132,000 d. -0-
5. Adjusted book balance at june 30
a. 410,850 b. 345,000 c. 375,000 d. 374,850
6. Adjusted bank receipts for the month of july
a. 2,297,400 b. 2,291,400 c. 2,303,400 d. 2,321,400

m
er as
7. Adjusted book disbursements for the month of july

co
eH w
a. 1,228,440 b. 1,246,440 c. 1,210,440 d. 1,246,620

o.
8. Adjusted bank balance at july 31
rs e
a. 1,449,810 b. 1,674,810 c. 1,431,810 d. 1,776,810
ou urc
9. Unadjusted bank balance at june 30
a. 550,060 b. 94,560 c. 1,776,810 d. 342,000
o

10. The best evidence regarding year-end bank balances is documented in the
aC s
vi y re

a. Cutoff bank statement

b. Bank reconciliation
c. Interbank transfer schedule
ed d
ar stu

d. Bank deposit lead schedule

is
Th
sh

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