BANK RECONCILIATION

1.
In preparing the August 31, 2013 bank
reconciliation, Apex Company provided the
following information:
Balance per Bank Statement
1,805,000
Deposit in transit
32,500
Return of Customers check for insufficient
fund
60,000
Bank service charge for August
10,000
On August 21, 2013, what is the adjusted
cash in bank?
2.
In preparing the bank reconciliation on
December 31, 2013. Case Company provided
the following data:
Balance per bank statement
3,800,000
Deposit in transit
520,000
Amount erroneously credited by bank to
Cases account
40,000
Bank service charge for December
5,000

Outstanding checks
675,000
What is the adjusted cash in bank on
December 31, 2013?
3.
In an Audit Mindanao Company on
December 31, 2013, the following data are
gathered:
Balance per book
1,000,000
Bank charges
3,000
Outstanding checks
235,000
Deposit in Transit
300,000
Customer note collected by bank
375,000
Interest on customer note
15,000
Customer check returned NSF
62,000
Depositors note charge to account
250,000
What is the adjusted cash in bank on
December 31, 2013?

4.
Core Company provided the following
data for the purpose of reconciling the cash
balance per book with the balance per bank
statement on December 31, 2013:
Balance per bank statement
2,000,000
Outstanding checks (including certified check
of 100,000)
500,000
Deposit in transit
200,000
December NSF checks (of which P50,000 had
been redeposit
and cleared by December 27)
150,000
Erroneous credit to Cores account,
representing proceeds of loan
granted to another company
300,000
Proceeds of note collected by Bank Core, net
of service
charge of P20,000
750,000
What is the cash in bank to be reported on
December 31, 2013?

5.
Aries Company keeps all its cash in a
checking account. An examination of the
entitys accounting records and bank
statement for the month ended June 30,
2013 revealed the following information:
The cash balance per book on June 30 is
P8,500,000
A deposit of P1,000,000 that was placed in
the banks night depository on June 30
does not appear on the bank statement
The bank statement shows on June 30, the
bank collected note for Aries and credited
the proceeds of P950,000 to the entitys
account
Checks outstanding on June 30 amount to
P300,000
Aries