XYZ company is closing its books and must prepare a bank reconciliation for the following items. a. Bank statement contains an

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for the amount of P470 issued to the office supplier was misreported in the cash payment journal as P370. e. A note receivable of P9,800 was collected by the bank. f. A check of P520 deposited by the company has been charged back as NSF.

XYZ company is closing its books and must prepare a bank reconciliation for the following items.
a. Bank statement contains an ending balance of P300,000 on February 28, 2018, whereas the company’s ledger shows an ending balance of P260,900
b. Bank statement contains a P100 service charge for operating the account.
c. Bank statement contains interest income of P20 XYZ issued checks of P50,000 that have not yet been cleared by the bank XYZ deposited P20,000 but ts did not appear on the bank statement.
d. A check for the amount of P470 issued to the office supplier was misreported in the cash payment journal as P370.
e. A note receivable of P9,800 was collected by the bank.
f. A check of P520 deposited by the company has been charged back as NSF.

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