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8. In comparing the balance per books of Yours Company with the bank statement, together with the canceled checks and other memoranda at December 31,

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8. In comparing the balance per books of Yours Company with the bank statement, together with the canceled checks and other memoranda at December 31, 2020, you observe the following a) Balance per bank statement b) Balance per books 892,346.30 c) Outstanding checks , Dec. 31, 2020 590,884.60 d) Receipts of December 31, 2020 deposited on Jan. 2, 2021 333,788.20 e) Service charge for December, 2020 53,172.00 225.00 f) Proceeds of bank loan , Dec. 5, 2020 omitted from the company's records (discounted for 3 months at 12% per year) 97,000.00 g. Deposit of Dec. 23, 2020 omitted from the bank statement 28,924.10 h) Check of Ours Company charged back on Dec. 22, 2020 for lack of counter signature redeposited on January 5, 2021 8,737.40 i) Error on bank statement in recording deposit of Dec. 16, 2020 Correct amount P 31,824.00 10.00 Entered in statement 31,814.00 j) Check # 2451 of Young Company charged in error to the company's account 26,900.00 k) Proceeds of note of F. Rances and Company collected by bank on Dec. 15, 2020 not recoded on the books: Principal 20,000 Interest 400 Total 20,400 20,350.00 Less: collection charge 50 I) Erroneous debit memo of Dec. 23, 2020 to charge company's account with settlement of bank loan which was paid by check No. 4200 on the same date 50,000 m) Error on bank statement in entering deposit of Dec. Dec. 24, 2020: Correct amount P 48,071.00 100.00 Entered in statement 48, 171,00 n) Deposit of Ours company on Dec. 27, 2020 credited in error the company's 18, 192.00 account REQUIRED: Prepare bank reconciliation using the 1 . adjusted balance method Book to bank method 3. Bank to book method

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