1.An organization is reconciling its bank statement with its internal records. The cash balance per bank statement is P 12,000 while the cash balance per company books is P 10,800. There are P1,200 of bank charges that are not yet recorded, 1,800 of outstanding checks, P 3,000 of deposits in transit, and P 3,600 of bank credits and collections not yet recorded in the company's books. If there are no bank or book errors, what is the correct cash balance?