BANK RECONCILIATION Intermediate Company prepared the following bank reconciliation on December 31. Balance per bank statement 2,600,000 Add: Deposit in transit 185,000 Checkbook printing charge 5,000 Error made by Intermediate in recording check issued in December 45,000 NSF check 110.000 345.000 Total 2,945,000 Less: Outstanding check 80,000 Note collected by bank including P15,000 interest 215.000 295,000 Balance per book 2.650.000 The entity had cash on hand 600,000 and petty cash fund P50,000 on December 31. Q2. What total amount of cash should be reported at year-end? 3,560,000 3,515,000 3,400,000 3,355,000