Solution-Prepare a bank reconciliation statement

Prepare a bank reconciliation statement

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Reference no: EM133036678

Question - The Vivianne Manufacturing Company received its bank statement for the month ending May 31. The bank statement indicates a balance of P32,400. The cash account as of the close of business on May 31 has a balance of P8,350. In reconciling the balances, the following items are discovered.

(a) Collection by bank of note for P1,500 less collection fees of P250.

(b) Deposits in transit, P51,000.

(d) Checks outstanding on May 31, P79,100.

(e) A canceled check issued to Putty Corp. for P4,500 was not recorded on Vivianne Company's books.

Required - Prepare a bank reconciliation statement.

Reference no: EM133036678

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Prepare a bank reconciliation statement

Reference no: EM133036678

Reference no: EM133036678

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