What is the unadjusted cash balance per books at August 31, 2021?
In reconciling the Cash in Bank of LAGANJA ESTRANJA Company with the bank statement balance for the month of November 2021, the following data are summarized:
Book receipts- November P800,000
Bank receipts - November 900,000
Credit memo for note collection:
October 60,000
November 75,000
Credit memo for November bank loan 100,000
Deposit in transit for October 120,000
Erroneous bank credit for November corrected in December 25,000
Erroneous bank credit for October corrected in November 50,000
Erroneous book credit during November corrected in December 5,000
Erroneous book credit during October corrected in November 10,000
Debit memo for service charge – October 6,000
Debit memo for service charge – November 8,000
Erroneous book debit – November corrected in December 20,000
Erroneous bank debit – November corrected in December 65,000
Book disbursement – November 600,000
Bank disbursement – November 700,000
Outstanding check – October 80,000
What is the adjusted amount of receipt for the month of November?
a. 800,000 b. 825,000 c. 885,000 d. 900,000
What is the adjusted amount of disbursement for the month of November
a. 500,000 b. 515,000 c. 597,000 d. 600,000