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Question #1:

As of June 30, 2009, the bank statement of Ang Po Trading had an


ending balance of P 373,612. The following data were assembled in the
course of reconciling the bank balance:

The bank erroneously credited Ang Po Trading for P 2,150 on June
22.
During the month, the bank charged back NSF checks amounting to
P 2,340 of which P 800 had been redeposited by the 25
th
of June.
Collection for June 30 totaling P 10, 330 was deposited the
following month.
Checks outstanding as of June 30 were P 30,205
Notes collected by the bank for Ang Po Trading were P 8,150 and
the corresponding bank charges were P 50.

What is the adjusted bank balance on June 30, 2009? P 351, 587

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