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  • Dec 10, 2009, 02:44 PM
    junanee
    Preparing bank reconciliation
    Based on the following information prepare a bank roconciliation for busan company on October 31 and November 30


    Balance per book >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>600,000
    Receipts per company book >>>>>>>>>>>>>>>>>>>>>>>2,200,00
    November (collection
    From cutomer, P100,000
    Recorded as, P10,000
    Disbursement per company
    Book for November
    (check for P300,000 in
    Payment of account
    Recorded asP30,000) >>>>>>>>>>>>>>>>>>>>>>1,800,000
    Balance per bank statement
    nov. 30 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>930,000
    Deposit in transit >>>>>>>>>>>>>>>>>>>>>>>>300,000
    Outstanding checks
    nov. 30 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>400,000
    Bank receipts for November
    Including an erroneous
    Credit of P100,000 w/c should
    Have been credited to susan co. >>>>>>>>>>>>>>>2,500,000

    Bank disbusements for November
    Including check of susan co.
    P200,ooo >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>1,970,00



    How would I know the bank reconciling items in this problem?
  • Dec 10, 2009, 03:18 PM
    JudyKayTee

    Please post each question once.

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