Bank Reconciliation

a. The company's bank statement for the month of December reports a balance of P82,240 as of December 31, 2020. Included with the bank statement was a P 72.480 check collection from Simply Shoe of its account. charged back to Kate Spade Co. as NSF. The monthly service bank charges is P180. Taken up as debit to Miscellaneous expenses. The bank had collected for Kate Spade Co. the amount of P5.600, representing amortization on its notes receivable. The principal amounts to P5,000 while the balance represents interest revenue. Two checks written by Kate Spade Co, for payment of its advertisement. Check no. 10775 and payment of account to Unison Pan Co. Check no. 10776 remained outstanding, Collection from Munsing Company for P 12,800 remained undeposited as of yearend and was deposited only on January 4, 2021. Prepare a monthly reconciliation statement based on Unadjusted balance per books of P73.296 and record the necessary adjustments. (5 points)