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PROBLEM 3 Akari Company’s check register shows the following entries for the month of December: Date Checks Deposits Balance



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PROBLEM 3
Akari Company’s check register shows the following entries for the month of December:

Date Checks Deposits Balance

12/01/20x1 Beginning Balance P178,600

12/05/20x1 Deposit P130,000 308,600

12/07/20x1 Check No,344 P65,000 241,600

12/11/20x1 Check no.345 28,000 213,600

12/26/20x1 Deposit 98,000 311,600

12/29/20x1 Check No.346 17,200 294,400
The company’s bank reconciliation for November showed an outstanding check for P24,000 ( Check no. 343, written on Nov. 28, 20x1) and a deposit in transit of P11,100 made on November 29, 20x1.
The following data were reflected in the company’s bank statement for December, 20x1:


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