PROOF OF CASH

Problem
Problem 9-2(Sassy Company)
Sassy Company provided the ff data for the month of July:
Required:
Prepare bank reconciliation on June 30 and July 31, and adjusting entries on July 31.
Cash in Bank:
Balance June 30 1,000,000
Book debits for July including June CM
for note collected, 300,000 4,000,000
Book credits for July including June NSF
of 100,000 and service charge of 4,000 3,600,000

Bank statement for July

Balance June 30 1,650,000
Bank debits for July including service
charge of 1,000 and June outstanding
checks of 854,000 2,500,000
Banks credits for July including CM
for bank loan of 500,000 and June deposits
in transit of 400,000 3,500,000
 Problem 9-3(Beehive Company)
Beehive Company provided the ff information:
Balance per book oct.31 600,000
Receipts per book for Nov(collection from customer,
P100,000 recorded as P10,000) 2,200,000
Disbursement per book for Nov.
(check for 300,000 in payment of account
Recorded as P30,000) 1,800,000
Balance per bank statement Nov. 30 930,000
Deposit in Transit Oct.31 300,000
Outstanding checks Nov. 30 400,000
Bank receipts for Nov. including an erroneous credit
Of P100,000 which s/h been credited to Beeline company 2,500,000
Bank Disbursements for Nov. including check
Of Beeline Company, P200,000 1,970,000
Required:
Prepare bank reconciliation on Oct. 31 and Nov. 30, and adjusting entries on Nov.30.
Problem 9-4(Pabulous Company)
Pabulous Company provided the ff data concerning cash on July 31:
Balance of cash per book on July 1, 1,270,000. cash receipts per cash book for the
month July CHECKS
3,400,000.
DRAWN BANK STATEMENT

NO.101 600,000 BALANCE PER JULY 31 2,700,000

Checks paid by the bank include all checks issued during the month of July except no.
107
NO. 102and no 108. on700,000
July 31 cash receivedCHARGES:
but not deposited in bank, P400,000.

NO. 103 300,000 CHECKS AID 4,000,000

Required:
NO. 104 400,000 SERVICE CHARGE 20,000

A.105
NO. Prepare reconciliation
450,000on July 1 and July 31.
CREDITS
B. Prepare adjusting entries on July 31.
NO.106 600,000 DEPOSIT IN TRANSIT 3,500,000

NO. 107 650,000 NOTE COLLECTED 1,500,000

NO.108 500,000