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What is the adjusted cash in bank balance

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Question: The book balance of a cash in bank account of Stands Corp. is P1,090,000.

As of this date, outstanding checks totaled P60,000 while deposits in transit amount to P120,000. The accountant of Stands determined that debit memos and credit memos for the month amounting to P30,000 and P200,000 has not yet been recorded. What is the adjusted cash in bank balance?

Reference no: EM132745013

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