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Easy Peasy company has the following information for Bank reconciliation on December 31, 2020 Cash in bank per bank statement--P140,000.00 Outstanding Checks--- -12,000.00 Deposit in
Easy Peasy company has the following information for Bank reconciliation on December 31, 2020 Cash in bank per bank statement--P140,000.00 Outstanding Checks--- -12,000.00 Deposit in Transit ---50,000.00 Bank Charge--- -- 10,000.00 Debit Memo-- ---2,500.00 Credit Memo-- --3,000.00 Easy Peasy recorded a collection P18,000.00 as P1,800.00 The bank has credited Easy Peasy for P10,000 which is the credit memo for Oh Yum Company. What is the adjusted cash in bank on December 31, 2020
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