Problem 1:

On July 7, 2019, DELO CORP. received its bank statement for the month ending June 30. The
statement showed a P209, 500 balance while the cash account balance on June 30 was P35, 000. In
reconciling the balances, the auditor discovered the following:

1. The June 30 collections amounting to P176, 000 were recorded on the books but were not deposited
until July.

2. The bank charged the company for a DAUD (Drawn against Uncollected Deposit) check of a customer.

3. A paid check for P24, 300 was entered incorrectly in the cash disbursements journal as P42, 300.

4. Outstanding checks as of June 30 totaled P354, 400.

a. What is the amount of the customer’s DAUD check?

b. The adjusted cash balance is

Problem 2:

Bank statement, Dec 31, 2019 27 900

Collections recorded but not yet deposited in bank 1 950

NSF check – not recorded on books nor redeposited 2 000

Bank charges not recorded 40

Note collected by bank and not recorded on books 2 800

Outstanding checks 3 000

a. The cash balance in the books of Janina Company on December 31, 2019, is?

Problem 3: June 30, 2018

Bank Book

Unadjusted Balances 268 367 79 367

1. Deposit in Transit, 15 000

2. Bank Service Charge, 1 000

3. Check written and recorded on June 30 but mailed on July 4, 12 000

4. Outstanding Check, 36 000

5. NSF check, 17 000

6. Loan Proceeds, 200 000

7. Erroneous bank debit, 15 000

8. Customer Check received but all dated on July 9 (included in DIT), 9 000

9. Certified check 11 000

a. How much is the adjusted cash balance?

Problem 4:

In reconciling the balance of the cash account of Perlas Corporation, you discover the following for the
month of December 31. 2019

Balance per bank statement 400 000

Balance per books 387 000

Undeposited collections 100 000

Bank service charge 1 000

DAIF check 22 000

A paid check for 40 000 was recorded in the cash book as 4 000

a. How much is the outstanding check for Dec 31, 2019?

Problem 5:

Shown below is the bank reconciliation for Marikina Company for November 2006:

Balance per bank, Nov. 30, 2006 P150, 000

Add: Deposits in transit 24, 000

Total 174, 000

Less: Outstanding checks P28, 000

Bank credit recorded in error 10,000 38,000

Cash balance per books, Nov. 30, 2006 P136, 000

The bank statement for December 2006 contains the following data:

Total deposits P110, 000

Total charges, including an NSF check of P8,000 and a service charge of P400 96,000
a. How much is the cash balance per bank on December 31, 2006?

b. How much is the December receipts per books?

c. How much is the December disbursements per books?

d. How much is the cash balance per books on December 31, 2006?

e. The adjusted cash in bank balance as of December 31, 2006 is

Problem 6:

The cash account shows a balance of $45,000 before reconciliation. The bank statement does not
include a deposit of $2, 300 made on the last day of the month. The bank statement shows a
collection by the bank of $940 and a customer's check for $320 was returned because it was NSF. A
customer's check for $450 was recorded on the books as$540, and a check written for $79 was recorded
as $97. The correct balance in the cash account was?

Problem 7:

Tresh Inc. had the following bank reconciliation at March 31, 2010:

Balance per bank statement, 3/31/10 37,200

Add: Deposit in transit 10,300

Total 47,500

Less: Outstanding checks 12,600

Balance per books, 3/31/10 34,900

Data per bank for the month of April 2010 follow: Deposits $46,700Disbursements 49,700 All reconciling
items at March 31, 2010 cleared the bank in April. Outstanding checks at April 30, 2010 totaled $6,000.
There were no deposits in transit at April 30, 2010. What is the cash balance per books at April 30, 2010?