Exercise 1-12 Based on the following information, prepare a bank reconciliation statement for ROSAL COMPANY as of Dec 31, 2019. Use the bank to book format. 1. Balance per bank statement, Dec. 31, 2019, P85,938.46. 2. Balance per books, Dec 31, 2019, P58,489.12. 3. Outstanding checks, Dec. 31, P31,108,42 4. Receipts of Dec. 31, 2019 deposited Jan. 5, 2015, P5,317.20. 5. Service charges for Nov. per bank DM of Dec. 15, 2019, P203.85 6. Proceeds of bank loan, Dec. 15, 2019, omitted from the company's books, P9,875.00. 7. Deposit of Dec. 23, 2019 omitted from the bank statement, P2,892.41 8. Check of Rome Products Co., returned by the bank for lack of countersignature. No entry was made on the books to record the return, P417.50. 9. Error on bank statement in entering deposit of Dec. 16, 2019: Correct amount P3,182.40 Entered as 3,181.40 10. Check no. 3917 of Camila Company charged by bank in error to Rosal Company. P2,690.00 11. Proceeds of Natalia Company note, collected by bank on Dec. 10, 2019, not entered in the cashbook: Principal P2,000.00 Interest 20.00 Collection charges 5.00 Exercise 1-12 Based on the following information, prepare a bank reconciliation statement for ROSAL COMPANY as of Dec 31, 2019. Use the bank to book format. 1. Balance per bank statement, Dec. 31, 2019, P85,938.46. 2. Balance per books, Dec 31, 2019, P58,489.12. 3. Outstanding checks, Dec. 31, P31,108,42 4. Receipts of Dec. 31, 2019 deposited Jan. 5, 2015, P5,317.20. 5. Service charges for Nov. per bank DM of Dec. 15, 2019, P203.85 6. Proceeds of bank loan, Dec. 15, 2019, omitted from the company's books, P9,875.00. 7. Deposit of Dec. 23, 2019 omitted from the bank statement, P2,892.41 8. Check of Rome Products Co., returned by the bank for lack of countersignature. No entry was made on the books to record the return, P417.50. 9. Error on bank statement in entering deposit of Dec. 16, 2019: Correct amount P3,182.40 Entered as 3,181.40 10. Check no. 3917 of Camila Company charged by bank in error to Rosal Company. P2,690.00 11. Proceeds of Natalia Company note, collected by bank on Dec. 10, 2019, not entered in the cashbook: Principal P2,000.00 Interest 20.00 Collection charges 5.00