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: 892,346.30 590.884.60 333.788.20 53.172.00 225.00 97,000.00 28,924.10 8.737.40 Correct amount 10.00 a) Balance per bank statement b) Balance per books c) Outstanding checks, Dec. 31, 2020 d) Receipts of December 31, 2020 deposited on Jan. 2. 2021 e) Service charge for December, 2020 f) Proceeds of bank loan , Dec. 5, 2020 omitted from the company's records (discounted for 3 months at 12% per year) g. Deposit of Dec. 23, 2020 omitted from the bank statement h) Check of Ours Company charged back on Dec. 22, 2020 for lack of counter signature redeposited on January 5, 2021 i) Error on bank statement in recording deposit of Dec. 16, 2020 P 31,824.00 Entered in statement 31.814.00 i) Check # 2451 of Young Company charged in error to the company's account 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 Less: collection charge 50 1) 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 m) Error on bank statement in entering deposit of Dec. Dec. 24, 2020: Correct amount P 48,071.00 Entered in statement 48.171,00 n) Deposit of Ours company on Dec. 27, 2020 credited in error the company's account 26,900.00 20,350.00 50,000 100.00 18,192.00 REQUIRED: Prepare bank reconciliation using the 1. adjusted balance method 2 Book to bank method 3. Bank to book method 9. MEGA Company kept all cash in a checking account. An examination of the bank statement for the month of December, 2020 revealed a bank statement balance of P 8,470,000. A deposit of P 950,000 placed in a bank's night depository on December 30 did not appear on the bank statement. Checks outstanding on December 30 amount to P 270,000. The bank statement showed on December 25 the bank collected note for Mega Company and credited the proceeds of 935,000 the entity's account which included P 35,000 interest. Mega Company discovered that a check written in December for P 183,000 in payment of an account had been recorded as P 138,000. Included with the December 31 bank statement was an NSF check for P 250,000 that Mega Company had from a customer on December 20. The bank statement showed a P 15,000 service charge for December REQUIRED: a) What is the adjusted cash in bank on December 31? b) What is the unadjusted balance per book on December 31? c) Prepare adjusting entries 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: 892,346.30 590.884.60 333.788.20 53.172.00 225.00 97,000.00 28,924.10 8.737.40 Correct amount 10.00 a) Balance per bank statement b) Balance per books c) Outstanding checks, Dec. 31, 2020 d) Receipts of December 31, 2020 deposited on Jan. 2. 2021 e) Service charge for December, 2020 f) Proceeds of bank loan , Dec. 5, 2020 omitted from the company's records (discounted for 3 months at 12% per year) g. Deposit of Dec. 23, 2020 omitted from the bank statement h) Check of Ours Company charged back on Dec. 22, 2020 for lack of counter signature redeposited on January 5, 2021 i) Error on bank statement in recording deposit of Dec. 16, 2020 P 31,824.00 Entered in statement 31.814.00 i) Check # 2451 of Young Company charged in error to the company's account 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 Less: collection charge 50 1) 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 m) Error on bank statement in entering deposit of Dec. Dec. 24, 2020: Correct amount P 48,071.00 Entered in statement 48.171,00 n) Deposit of Ours company on Dec. 27, 2020 credited in error the company's account 26,900.00 20,350.00 50,000 100.00 18,192.00 REQUIRED: Prepare bank reconciliation using the 1. adjusted balance method 2 Book to bank method 3. Bank to book method 9. MEGA Company kept all cash in a checking account. An examination of the bank statement for the month of December, 2020 revealed a bank statement balance of P 8,470,000. A deposit of P 950,000 placed in a bank's night depository on December 30 did not appear on the bank statement. Checks outstanding on December 30 amount to P 270,000. The bank statement showed on December 25 the bank collected note for Mega Company and credited the proceeds of 935,000 the entity's account which included P 35,000 interest. Mega Company discovered that a check written in December for P 183,000 in payment of an account had been recorded as P 138,000. Included with the December 31 bank statement was an NSF check for P 250,000 that Mega Company had from a customer on December 20. The bank statement showed a P 15,000 service charge for December REQUIRED: a) What is the adjusted cash in bank on December 31? b) What is the unadjusted balance per book on December 31? c) Prepare adjusting entries