JEPOY Corporation is in the process of preparing its bank reconciliation for the month of February 2021. The company accountant discovered the following:

Cash in bank balance P????????

Checks paid and recorded during the month

Number 1001 5,000 1002 6,000 1003 7,000 1004 8,000

Actual deposits made during the month 15,000

Deposits erroneously recorded twice 2,800

Unrecorded disbursements during the month 25,700

The analysis of the bank statement revealed the following:

Bank balance P120,000

The following checks cleared with the bank

999 2,500 1001 5,000 1004 8,000

The bank deducted the following

Notes payable payment 16,000 Bank service charges 800

The bank credited the following

Cash deposits from Jepoy 10,000 Loan proceeds 7,000 Interest Income 300

How much is the adjusted balance per bank?