a. Prepare a bank reconciliation statement as of February 28, 2012.

b. Adjusting entries in the general journal of the depositor.

The following data were taken from the records of Sunset Studio as of February 28, 2012: Bank Balance as shown in the bank statement, P6,483.64 Cash in Bank balance in the books of the depositor, P7,074.04 Deposit in Transit, P468.00 Checks outstanding: No. 156, P62.80 No. 262, P80.00 No. 264,P14.30 Service Charge, P5.50 Dishonored check of a customer, P292.00 Check No. 248 for repair expense amounting to P156 was erroneously recorded by the depositor as P174. Required: a. Prepare a bank reconciliation statement as of February 28, 2012. b. Adjusting entries in the general journal of the depositor