Jenny Corporation
Bank Reconciliation Statement
As of Jan. 31, 202x
Unadjusted Bank Balance P402,939 Unadjusted Book Balance P282,605
Add: Deposit in Transit 6,142 Add: Under. of Receipt (OR 1016) 4,500
Bank Error – Over Disb. 14,200 Under. of Receipt (OR 1038) 423
Total P423,281 Over. of Disb. (123439) 693
Less: Outstanding Checks 85,796 Over. of Disb. (123449) 90
Collection of receivable 10,500
Proceeds from bank loan 50,000
Total P348,811
Less: Under of Disb (123441) 2,970
Debit Memo – checkbook 1,050
Debit Memo – NSF check 6,291
________ Debit Memo – Service charge 1,015
Adjusted Bank Balance P337,485 Adjusted Book Balance P337,485
Deposit in Transit
OR 1048 - P5,891
OR 1049 - 251
Total - P6,142
Outstanding Checks:
Check. No 123426 P5,612
123430 2,456
123433 2,124
123434 6,702
123440 6,120
123445 5,172
123446 4,405
123452 24,123
123453 6,320
123454 2,345
123455 5,216
123456 8,910
123457 6,291
Total P85,796
JENNY CORPORATION
Schedule of Aging of Accounts Receivable
As of December 31, 2024
0 - 30 31 - 60 61 - 90 91 - 120 over 120
Soliva 12/24 11,500.00 11,500.00
10/23 1,835.00 1,835.00
13,335.00
Sorongon 12/2 5,585.00 5,585.00
Tan 12/18 18,090.00 18,090.00
11/14 26,710.00 26,710.00
44,800.00
Ubas 11/30 13,560.00 13,560.00
10/29 17,925.00 17,925.00
9/20 435.00 435.00
31,920.00
Udasan 12/4 22,740.00 22,740.00
10/31 13,560.00 13,560.00
10/3 12,735.00 12,735.00
9/15 24,700.00 24,700.00
73,735.00
Total 169,375.00 57,915.00 40,270.00 46,055.00 25,135.00 -
% of uncollectibility x 1% x 1.5% x 3% x 10% x 50%
Allow. for DA 5,078.35 579.15 604.05 1,381.65 2,513.50
NRV 164,296.65
JENNY CORPORATION
INVENTORY COST FLOW ANALYSIS AND VALUATION
January 31, 2024
Stock
Item No. Inventory Cost NRV LCNRV
17,030. 17,160. 17,030.
A-15F1.F 1001 13 x P1,310 00 00 00
B-5L- 53,600.
15.8 1002 20 x P2,680 00
54,020.
20 x P2701 00
12,525.
5 x P2,505 00
120,145. 116,550.0 116,550.0
00 0 0
C-8-95- 14,720. 14,800. 14,720.
30 1003 16 x P920 00 00 00
D-8.00- 30,500.
16 1004 10 x P3,050 00
27,810.
9 x P3,090 00
58,310. 59,185. 58,310.
00 00 00
E-16.8-- 32,800. 32,560. 32,560.
70 1005 16 x P2,050 00 00 00
243,005. 239,170.0 3,835.0
Total 00 0 0 Inventory decline
