28.

Sapphire Company provided the following information

for the month of December:

Balance per bank statement December 31

2,800,000

Bank service charge for December

12,000

Interest paid by bank to Sapphire Company for December

10,000

Deposits made but not yet recorded by the bank

350,000

Checks written but not yet recorded by the bank

650,000

The entity discovered that it had drawn and erroneously recorded a check for P46,000 that should have

been recorded for P64,000.

What is the

cash balance per ledger

on December 31?

a.

P2,500,000

b.

P2,520,000

c.

P2,540,000

d.

P2,800,000