National review center

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  Balance taken from the company’s general ledger:
  

Cash balance, December 31, 20x1 1,152,840

Receipts, December 1 – 31, 20x1 612,440

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  Balances taken from the December , 20x1 bank statement:
  

Bank balance, Dec. 31, 20x1 1,274,440

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  Outstanding checks, Nov. 30, 20x1 ( P52,280 was paid
  

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  Checks written and recorded in December, 20x1, not
  

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  Deposit in transit, Nov. 30, 20x1 30,520
  
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  Deposit in transit, Dec. 31, 20x1 32,280
  

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  A bank credit was issued in December to correct an erroneous
  

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  Note collected by bank in December ( company not
  

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  A check for P4,040 ( payable to a supplier ) was recorded in
  

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  A check for P4,480 was charged by the bank as P4,840 in December.
  
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  Amor issued a stop payment order to the bank in December. This pertains to a check written in December which was not received by the payee. A new check was written and recorded in the check register in December. The old check was written off by a journal entry also in December, P1,560
  
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  Bank service charges, Nov. 30, 20x1- P120