5. The following bank reconciliation is presented for the Kingston Company for the month of November 2016: C. Balance per bank statement, 11/30/16 P18,040 D. Add: Deposit in transit 4,150 E. Less: Outstanding checks P6,300 F. Bank credit recorded in error 20 6,320) G. Balance per books, 11/30/16 P15,870 H. I. Data for the month of December 2016 per bank follows: J. December deposits P26,100 K. December disbursements 22,420 L . Balance, 12/31/16 21,720 M. N. All items that were outstanding as of November 30, cleared through the bank in December, including the bank credit. In addition, P2,500 in checks were outstanding as of December 31, 2016. What is the balance of cash per books at December 31, 2016? O. Answer: P19,220 D