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Grace Poe, Inc. had the following bank reconciliation at March 31, 2012: Balance per bank statement, 3/31/12 P46,500 Add deposit in transit 10,300 56,800 Less

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Grace Poe, Inc. had the following bank reconciliation at March 31, 2012: Balance per bank statement, 3/31/12 P46,500 Add deposit in transit 10,300 56,800 Less outstanding checks 12,600 Balance per books, 3/31/12 P44,200 Data per bank for the month of April, 2012 is as follows: Deposits P58,400 Disbursements 49,700 All reconciling items at March 31, 2012, cleared the bank in April. Outstanding checks at April 30, 2012, totalled P7,000. There were no deposits in transit at April 30, 2012. Requirements: 1. How much is the unadjusted cash balance per books as of April 30? (2 points) 2. How much is the adjusted cash as of April 30? (2 points) 3. Prepare the bank reconciliation for the Month of April 2012

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