Topic: Proof of cash May 31 Balance per Bank - Deposit outstanding- Erroneous ba

Question

Topic: Proof of cash

May 31 Balance per Bank - Deposit outstanding- Erroneous bank charge- Outstanding Check Erroneous Bank Credit - CM offer collection of note - (600k) 2.6 M 300k 40k (100k) (60k) Balance per book $2190k Junes Sales Bank Book -checks recorded -collection of erroneous bank credit in May -Deposit recorded -correction of erroneous bank charge -service charge recorded 2.5m 2.2m 60k 1.6M 40k 1.8m 50k 55øk CM for collection by bank 00k NJK checks returned with june 30 statement will be redeposited 1. How much is Oc on June 30? 2. How much is DIT on June 30? 3. How much is adjusted cash receipt in June 4. How much is adjusted cash disbursment in June? 5. How much is adjusted cash balance as of June 30?

Explanation / Answer

in ' 000s 1. O/s check (2500-2200)= 300 2. DIT as on Jun30 (1800-1600)= 200 3. Adjusted cash receipt in June 1800-200= 1600 4. Adjusted cash disbursement in June 2500-300+100= 2300 5. Adjusted cash balance as of June 30 2190+1600-2300= 1490

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