1. Iron Company provided the following information for the month of October:

Cash in bank, per bank statement, October 31	5,600,000
Bank service charge for October	24,000
Interest paid by the bank to Iron Company for October	20,000
Deposits made but not yet recorded by the bank	700,000
Checks written and mailed but not yet recorded by the bank	1,300,000
Erroneously recorded a check payment for P92,000 that should have been recorded as P128,000	36,000

A. 5,040,000

B. 5,000,000

C. 5,080,000

D. 5,600,000

2. John Cena Company provided the following data for the purposes of reconciling the cash balance per book:

Balancer per book	220,000
Outstanding checks	50,000
Deposit in transit	90,000
December NSF checks	30,000
Erroneous credit to John Cenas account, representing proceeds of loan granted to John Bo Company	60,000
Proceeds of note collected by bank for John Cena, net of service charge of P4,000	150,000
Erroneous bank charge	3,000
A check of P5,000 in payment of account was recorded by the company as	50,000

A. 389,000

B. 295,000

C. 299,000

D. 385,000

3.

• Kaperahan Corporation had the following account balances on December 31, 2012: Cash in bank - current account 4,000,000 Cash in bank - payroll account 2,000,000 Cash on hand 400,000 Cash in bank - reserved 2,000,000 Treasury bills 2,500,000

The cash on hand includes a 100,000 check payable to the Company, dated January 2, 2013. The cash in bank reserved is established for the purchase of custom-made equipment that is expected to be consummated in 2012. Treasury bills were purchased on November 30, 2012 and are due on March 1, 2013. What amount should be reported as "cash and cash equivalents" on December 31, 2012?

A. 10,800,000

B. 8,800,000

C. 10,900,000

D. 8,900,000