ABC Corporations books at the end of December 2020 reports cash balance of 1,675,000 before any adjustments. Its bank statement shows a balance of 1,832.500 on the same date. The following pieces of information are available for the preparation of the bank reconciliation:

Total deposits by ABC that did not reach the banks cut-off time amounted to P312,500

2. Total amount of outstanding checks was 187,500.

3. ABCs account was debited for the following items:

a. 625 bank service charge

b. Interest on an outstanding loan of 4,375

c. Returned check marked NSF amounting to 62,500

d. Partial loan payment of 125,000

4. The bank collected ABCs notes receivable of 250,000. An interest of 6,250 was also credited to ABCs account in the bank

1. Cash receipts of 216,250 were erroneously recorded as 171,250 in ABCs books.
2. A check drawn by ABC amounting to 87,500 was erroneously recorded by the bookkeeper as P21,250
3. A check payable to ABC, amounting to 100,000, was erroneously credited or added by the bank to ABD Co.
4. A payment by ABC to a customer of 12,500 was inadvertently credited by the bank to the firms account.

Prepare the bank reconciliation for the December 31, 2020.

How much is the adjusted (reconciled) balance per bank and per book?

a	P1,875,000
b	P1,900,000
c	P2,032,500
d	P2,075,000