FABM2
PERFORMANCE OUPUT
Q2/MODULE 2
December 31, 2019, Maganda Company shows a cash balance in the general ledger of P 7,100. Maganda
Company received the bank statement on December 31, 2019, with a balance of P7,820. The bank
statement and general ledger account showed the following information:
Deposit in Transit
Collection of account receivable
Interest Income
Auto Debit of PLDT bill
NSF Check
Outstanding Check
Bank Charges
P 1,200
755
70
320
455
580
30
Maganda Company recorded a check received from customers amounting P2,120. The
bank statement showed that the customer checks cleared at the amount of P2,210.
The bank erroneously deducted P210 from the Maganda Company account, a check
hehe
ונבחרוזמ​