Looking for answers with solutions:8. What is the cash shortage as of November 30, 2020?9. What is the adjusted cash balance on November 30, 2020?10. What is the total cash shortage as of December 31, 2020?

USE THE FOLLOWING TO ANSWER 8-10 You have been asked by the proprietor of GHI Corporation to verify the accountability of the cashier- bookkeeper, who was allowed to take a vacation leave a few days ago. The November and December bank reconciliation prepared by the cashier-bookkeeper are presented below: November 30, 2020 Balance per bank statement 21,500 Cash on hand 500 Total 22,000 Outstanding checks No. 2520 2,000 No. 2521 1,400 No. 2522 1,900 (3,300) Erroneous bank charge 2,000 Erroneous bank credit (500) Book balance 20,200 December 31, 2020 Balance per bank statement 135,000 Cash on hand 6,300 Total 141,300 Outstanding checks No. 2674 31,000 No. 2675 10,300 No. 2676 5,000 (41,300) Erroneous bank charge 3,000 Erroneous bank credit (600) Book balance 102,400 The cash in bank account in the general ledger shows the following debits and credits during December 2020: Dec. Dec. 1 Balance 20,200 Checks issued 2,000 Received from customers 4,500 Checks issued 5,200 7 Received from customers 5,000 14 Checks issued 31,000 12 Received from customers 20,000 24 Checks issued 46,000 17 Received from customers 30,000 28 Checks issued 7,600 23 Received from customers 9,000 31 Balance 102,400 27 Received from customers 70,000 31 Received from customers 48,500 Total 198,200 Total 198,200 The following summarized transactions were taken from the bank statement for the month of December 2020: Balance, December 1, 2020 16,500 Total bank credits 173,700 The total credits include Collection of notes receivable 5,000 Correction of November erroneous bank charge 2,000 December 10 deposit of Chong credited in error to GHI 500 Total bank disbursements 65,200 The total disbursements per bank statement include: Correction of November erroneous bank credit 500 December check of Ching charged in error to CHI 3,000 Cash on hand per count in the early morning of January 2, 2021 amounted to P6,300. Before leaving his company for a one-week vacation, the proprietor had left several signed blank checks that the cashier- bookkeeper had cashed for his personal use