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Hot Company prepared the following bank reconciliation for the month of November: Balance per bank statement - November 30 P3,600,000 Add: Deposits in transit 800,000

Hot Company prepared the following bank reconciliation for the month of November:

Balance per bank statement - November 30

P3,600,000

Add: Deposits in transit

800,000

Total

4,400,000

Less: Checks outstanding

P1,200,000

Bank credit recorded in error

200,000

1,400,000

Balance per book - November 30

P3,000,000

Data per bank statement for the month of December:

December deposits, including notes receivable collected ofP1,000,000 for Hot Company

P5,500,000

December disbursement, including NSF check P 350,000and service charge P 50,000

4,400,000

All items that were outstanding on November 30 cleared through the bank in December, including the bank credit.

In addition, checks of P 500,000 were outstanding and deposits of P 700,000 were in transit on December 31.

What is the adjusted cash in bank on December 31?

What is the amount of cash receipts per book in December?

What is the amount of cash disbursements per book in December?

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