In your audit of National Inc.s cash account as of December 31, 2014, you ascertained the following information: The bookkeepers bank reconciliation on November 30, 2014, is as follows: Bank balance per bank statement, November 30 P24,298 Add: Deposit in transit P3,648 Total P27,946 Less:Outstanding checks No.3408 P440 No.3413 P300 No.3414 P6,820 No.3416 P3,924 No.3417 P800 12,284 Balance P15,662 Add:Bank service charge for November36 Book balance per General ledger, November P15,698

* Entered in Check Register in December The cash Receipts Journal shows a total receipts for December of P371,766. The Check Register reflects totals checks issued in December of P377,632. A collection of P5,912 was recorded on company books on December 31 but was not deposited until January 2, 2015.

The balance per bank statement at December 31, 2014, is P17,516. This statement shows total receipts of P373,502 and checks paid of P380,284.

Your examination revealed the following additional information:

a.Check no. 3413 dated November 24, 2014, was entered in the Check Register as P300. Your examination of the paid returned with the December bank statement reveals that the amount ofthe check is P30.

b.Check no. 3417 was mutilated and returned by the payee. A replacement check (no. 3453) was issued and cleared the bank in November. Both checks were entered in the Check Register but no entry was made to cancel check no. 3417.

c.The December bank statement includes an erroneous bank charge of P480.

d.On January 3, 2015, the bank informed your client that a December bank charge of P42 was omitted from the statement.

e.Your examination of the bank credit memo accompanying then December bank statement discloses that it represents proceeds from the note collection in December for P4,000.

f.The outstanding checks at December 31, 2014, are as follows: No. 3408 P440 No. 3417 P800 No. 3418 P2,814 No. 3419 P5,788

1. What is the total book disbursements for the month of December?

2. What is the book balance at December 31?

3. What is the total outstanding checks at December 31?

4.What is the adjusted book receipts for the month of December?

5. What is the adjusted book receipts for the month of December?

6. What is the adjusted book disbursement for December?

7. What is the adjusted book balance on December 31?