What is the total book receipts for December?

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
icon
Related questions
icon
Concept explainers
Question

What is the total book receipts for December?

The following data are assembled by the accountant of CPA Corporation:
Nov. 30, 2021
41,175
267,705
20,503
69,295
Dec. 31, 2021
Cash Account Balance
Bank Statement Balance
Deposits in Transit
Outstanding Checks
Bank Service Charges
NSF Check*
Company's Note Collected by the Bank
*Redeposited in the same month. No entries made to take up the return and deposit.
100,713
344,543
32,200
75,280
1,800
1,500
20,625
179,538
202,250
The bank statement and the company's cash records show the following totals:
• Cancelled checks and debit memos per bank statement- P545,933
• Cash receipts per cash book- P411,593
• Checks written per cash book- P529,793
• Deposits and credit memos per bank statement- P622,770
What is the total book receipts for December?
Transcribed Image Text:The following data are assembled by the accountant of CPA Corporation: Nov. 30, 2021 41,175 267,705 20,503 69,295 Dec. 31, 2021 Cash Account Balance Bank Statement Balance Deposits in Transit Outstanding Checks Bank Service Charges NSF Check* Company's Note Collected by the Bank *Redeposited in the same month. No entries made to take up the return and deposit. 100,713 344,543 32,200 75,280 1,800 1,500 20,625 179,538 202,250 The bank statement and the company's cash records show the following totals: • Cancelled checks and debit memos per bank statement- P545,933 • Cash receipts per cash book- P411,593 • Checks written per cash book- P529,793 • Deposits and credit memos per bank statement- P622,770 What is the total book receipts for December?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage