The following information pertains to XYZ Co.

:
XYZ Co.
Bank Reconciliation
November 30, 2015
Balance per bank
Less: Outstanding checks

P435,000
#4321
#4329
#4340
#4341

P6,000
15,000
1,700
4,675

Add: Deposit in transit

27,375
P407,625
16,200

Balance per books

P423,825

Date

Payee
12/1
12/3
12/7
12/12
12/15
12/16
12/18
12/21
12/22
12/28

UA, Inc.
OLFU Corp
AUF Enterprises
RCC Corp.
Payroll
BU, Inc.
HAU Co.
SPCF, Inc.
Petty cash fund
Payroll

Check Register
December 2015
No.
Vouchers
Payable
4342
P10,000
4343
4,200
4344
3,755
4345
12,000
4346
96,000
4347
6,300
4348
14,200
4349
7,000
4350
10,000
4351
98,000

Discount
P500
120
142
-

Cash
P9,500
4,200
3,755
11,880
96,000
6,300
14,058
7,000
10,000
98,000

Bank Statement
METRO BANK
Period: November 30,2015 December 31, 2015
No.: 001-43-44
Date
Beginning
Balance
December

Description

1
1
4
4

Cash deposit
Check issued
Check issued
Check issued

Page 1 of 1

Check Number

Debit

Credit

Balance
P435,000

16,200
4329
4342
4341

P15,000
9,500
4,675

451,200
436,200
426,700
422,025

5
6
8
10
15
22
28
29
29

Check deposit
Check issued
Check deposit
Check issued
Encashment
Encashment
Encashment
Debit Memo
Service Charge
Credit Memo
Interest

49,000
4343

4,200

4344
4346
4350
4351

3,755
96,000
10,000
98,000
1,000

14,000

Deposits in transit at December 31 totaled P49,000

1.) What is the total book receipts for December?
A. P113,550
B. P80,750
C. P63,000
D. P112,000
2.) What is the cash balance per books on December 31, 2015?
A. P275,132
B. P226,132
C. P291,332
D. P274,370
3.) What is the total outstanding checks on December 31, 2015?
A. P68,313
B. P39,238
C. P46,938
D. P40,938
4.) What is the adjusted cash balance on November 30, 2015?
A. P446,375
B. P417,825
C. P423,825
D. P435,000
5.) What is the adjusted cash balance on December 31, 2015?
A. P281,682
B. P275,682
C. P226,682
D. P274,920

,1,550

471,025
466,825
480,825
477,070
381,070
371,070
273,070
272,070
273,620