BANK RECONCILIATION

You are the auditor of CV$3,$ Inc. You obtained the bank statement and paid checks directly from the bank. In reconciling the bank balance at December $31,20$x$1,$ you noted the following information:

Balance per general ledger, $12/31/20$x$1$

Balance per bank statement, $12/31/20$x$1$

Debit memo for the cost of a checkbook

Receipts of $\frac{12}{31}\frac{?}{20}1,$ deposited $01/04/20\backslash$times $2$

Deposit of $12/23/20$x$1,$ omitted from the bank statement

Check $198$ of VV$3,$ Inc. charged by the bank in error to CV$3,$ Inc.

Outstanding checks, $\frac{12}{31}\frac{?}{20}1($including certified check of $P5,250)$

Deposit of VC$3,$ Inc. credited in error to CV$3,$ Inc. on $\frac{12}{06}\frac{?}{20}1$

The ledger account for cash in bank included petty cash fund amounting to

Proceeds of bank loan, $\frac{12}{31}\frac{?}{20}1,$ discounted for $90$ days at $10\%$ per year, omitted from records

The company's account was charged on December $28$ for a customer's uncollectible check amounting to

Check of CV$3,$ Inc. in payment of accounts payable had been recorded by the bookkeeper as $P3,630.$ The correct amount is

$P123,050$

$98,710$

$150$

$40,290$

$15,060$

$10,110$

$50,555$

$8,755$

$10,600$

Proceeds from cash sales for December $22$ were stolen. The company expects to recover this amount from the insurance company. The cash receipts were recorded in the books, but no entry was made for the loss.

$48,750$

$14,070$

$36,300$

$4,200$

Required:

Prepare a bank reconciliation statement to arrive at the adjusted balances at December $31,201,$

Adjusting journal entries as of December $31,201.$