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) (6øk) 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 -CM for collection by bank -NJK checks returned with june 30 statement will be redeposited 2.2m 60k 1.6M 40k 1.8m 50k 550k 00k 1. How much is Outstanding Check on June 30? 2. How much is Deposit in transit on June 30? 3. How much is adjusted cash receipt in June? 4. How much 1s adjusted cash disbursment in June? 5. How much is adjusted cash balance as of June 30?

Explanation / Answer

1. Calculation for Outstanding Check on June 30

2. Calculation for Deposit in transit on June 30

3. Calculation for adjusted cash receipt in June

4. Calculation for adjusted cash disbursment in June

5. Calculation for adjusted cash balance as of June 30

Particular Amount Outstanding check till May 31 (100k) Add: Outstanding Check for June (2.5m-2.2m) (300k) Total Outstanding Check (400k)

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