1. Provide the adjusting entries for June 30.

2. Provide the adjusting entries for December 31,2016.

1. Yang Company is making a four-column bank reconciliation at June 30 from the following date. The amounts per bank statement were: Balance, May 31, P650,000; June Recipts P1,300,000; June Disbursement, P1,100,000. The amounts per book were: Balance, May 31, P763,500; June Receipts, P1,154,800; June Disbursement, P1,123,500; Balance, June 30, P794,800. I May 31 June 30 P120,000 67,000 P150,000 84,000 Deposit in transit Outstanding Checks The bank overlooked a check for P7,500 When recording a deposit on June 10 Note collected by bank, recorded after receiving the bank statement Service charge, recorded after receiving the bank statement NSF checks, recorded after receiving the Bank statement Yang recorded a P37,400 check received from a customer in June as P34,700 180,000 4,500 6,000 56,000 48,000 Problem 1.2 The following bank reconciliation is presented for Pau Company for the month of November 2016: Php 180,400 Balance per bank statement, 11/30/16 Add: Deposit in transit Php 41,500 Erroneous bank charge 15,000 56,500 236,900 78,200 Less: Outstanding checks Balance per books, 11/30/16 Php 158,700 Php Data for the month of December 2016 follow: Per bank : December deposits/credits December charges/debits Balance December 31, 2016 261,000 224,200 217,200 All items that were outstanding as of November 30 cleared through the bank in December, including the bank charge. In addition, Php25,000 in checks were outstanding as of December 31. 2016. mocambor 2010