7. Assume the following facts for Kurt Company: The montir end bank statement shows a balance of P40,000; outstanding checks total P2,000; a deposit of P8,000 is in transit at month- end; and a check for P400 is erroneously charged by the bank against the account. What is the correct cash balance at the end of the month? a. P33,600 c. P45,600 b. P34,400 d. P46,400 (Adapted) 8. In preparing the bank reconciliation of Crews Co. for the month of July, the following information is made available: Balance per bank statement, 7/31 P54,075 Deposits in transit, 7/31 9,375 Outstanding checks, 7/31 8,625 Deposit erroneously recorded by bank to Crews 375 account, 7/18 Bank service charges for July 75 What is the correct cash balance at July 31? a. P52,875 c. P54,450 b. P54,375 d. P54,825 (Adapted) 9. The August 31 bank statement of Kelvin Inc. showed a balance of P113,000. Deducted in arriving at this amount was a customer's NSF check for P2,400 that had been returned. Kelvin had received no prior notice concerning this check. In addition to the bank statement, other records showed there were deposits in transit totaling P17,200 and that outstanding checks totaled P10,800. What is the cash balance per books at August 31 (prior to adjustments)? c. P117,000 d. P115,400 a. P121,800 b. P119,400 (Adapted)