PROBLEM 3 SAME THING DIFFERENT NUMBERS
Problem:
You obtained the following information in connection with the audit of Bonsoir Company cash account as of
December 31, 20x1:
Outstanding checks, 11/30/20x1 P 16,250
Outstanding checks, 12/31/20x1 12,500
Deposit in transit, 11/30/20x1 12,500
Cash balance per general ledger, 12/31/20x1 37,500
Actual company collections from its customers during
December 152,500
Company checks paid by bank in December 130,000
Bank service charges recorded on the company books
in December 2,500
Bank service charges per December bank statement 3,250
Deposits credited by bank during December 145,000
November bank service charges recorded on company
books in December 1,500
The cash receipts book of December is underfooted by P 2,500.
The bank erroneously charged the company's account for a P3,750 check of another depositor. This bank error
was corrected in January 20x2.
Questions:
1. How much is the deposit in transit on December 31, 20x1?
2. What is the total unrecorded bank service charges as of December 31, 20x1?
3. What is the total book receipts in December?
4. What is the total amount of company checks issued in December?
5. What is the total book disbursements in December?
6. What is the book balance on November 30, 20x1?
7. What is the bank balance on November 30, 20x1?
8. What is the total bank receipts in December?
9. What is the total bank disbursements in December?
10. What is the bank balance on December 31, 20x1?
Solution:
Bonsoir Company
Proof of Cash
For the month ended December 31, 20x1
November 30 Receipts Disbursements December 31
Book Balances 16,250 + 150,000 - 128,750 = 37,500
Bank Service Charge
November 30 DM (1,500) (1,500)
December 31 DM 2,250 (2,250)
Underfoot of CRJ 2,500 2,500
Adjusted Book Balances 14,750 152,500 129,500 37,750
Problem:
You obtained the following information in connection with the audit of Bonsoir Company cash account as of
December 31, 20x1:
Outstanding checks, 11/30/20x1 P 16,250
Outstanding checks, 12/31/20x1 12,500
Deposit in transit, 11/30/20x1 12,500
Cash balance per general ledger, 12/31/20x1 37,500
Actual company collections from its customers during
December 152,500
Company checks paid by bank in December 130,000
Bank service charges recorded on the company books
in December 2,500
Bank service charges per December bank statement 3,250
Deposits credited by bank during December 145,000
November bank service charges recorded on company
books in December 1,500
The cash receipts book of December is underfooted by P 2,500.
The bank erroneously charged the company's account for a P3,750 check of another depositor. This bank error
was corrected in January 20x2.
Questions:
1. How much is the deposit in transit on December 31, 20x1?
2. What is the total unrecorded bank service charges as of December 31, 20x1?
3. What is the total book receipts in December?
4. What is the total amount of company checks issued in December?
5. What is the total book disbursements in December?
6. What is the book balance on November 30, 20x1?
7. What is the bank balance on November 30, 20x1?
8. What is the total bank receipts in December?
9. What is the total bank disbursements in December?
10. What is the bank balance on December 31, 20x1?
Solution:
Bonsoir Company
Proof of Cash
For the month ended December 31, 20x1
November 30 Receipts Disbursements December 31
Book Balances 16,250 + 150,000 - 128,750 = 37,500
Bank Service Charge
November 30 DM (1,500) (1,500)
December 31 DM 2,250 (2,250)
Underfoot of CRJ 2,500 2,500
Adjusted Book Balances 14,750 152,500 129,500 37,750
