Please answer as much as possible thank you so much

Write your answer in the space provided. Show computations IN GOOD FORM after each problem. (3 to 5 minutes per problem) 1. Reconciliation of Ken Tucky Corp.'s bank account at January 31 is as follows: Balance per bank statement P 2,155,000 Deposits outstanding 300,000 Checks outstanding (50,000) Correct cash balance P 2,405,000 Balance per book Bank service charge Correct cash balance February data are as follows: P 2,407,000 2,000) P 2,405,000 Depositor 2,485,000 1,875,000 Bank Checks recorded 2,350,000 Deposits recorded 1,616,000 Collection by bank (w/ interest of 18,000) 418,000 NSF Check 15,000 Balances 1,944,000 How much is deposit in transit at February 28? b. How much is outstanding checks at February 28? How much is the adjusted cash balance at February 28? 1,915,000 a. c. 2. You were able to determine that the cash account of Griffin Company is composed of the following items: Cash in the desk drawer of the owner P600,000 BPI current account 1,200,000 PS Bank current account 1,180,000 PS Bank 3-month time deposit 500,000 Metrobank current account 1,300,000 Metrobank savings account 1,200,000 The cash found in the drawer of the owner includes: Customer's check for P50,000 returned by the bank on December 27, 2013 due to insuf- ficient funds but subsequently re-deposited and cleared by the bank on January 9, 2014. . Customer's check for P30,000 dated January 2, 2014, received on December 30, 2013. Postal money orders received from customers during 2013, P21,000. The owner claims that the Metrobank savings account represents funds allotted for the construction of his rest-house in Tagaytay. What amount should cash and cash equivalents be reported as of December 31, 2013? a. 3. Red Corp. provided the following information for the purpose of reconciling the cash balance per book with the balance per bank statement on Dec. 31, 20X3. The bank statement showed a balance of P200,000 on Dec. 31. b. Outstanding checks as of Dec. 31 amounted to P50,000, including a P10,000 certified check issued by the corporation. c. Deposit in transit on Dec. 31 was P20,000. d. During Dec. the bank returned NSF checks of P25,000 of which P5,000 had been rede- posited and cleared by Dec. 27. On December 23, the bank erroneously credited the account of the corp. for P30,000 representing proceeds of loan granted to Green Company. f. During Dec., the proceeds from notes collected for the corporation amounted to P75,000 net of service charge of P2,000. What is the cash balance to be shown on the balance sheet on Dec. 31, 20X3 e. 4. Your client provided you with the following data which are relating to cash and cash equiva- lent information as of December 31, 2013: BDO current account 1 P430,500 BDO current account 2 50,000 Equitable PCI current account 23,400 Security Bank savings account 200,000 Cash on Hand 95,200 Treasury Bills, due on 3/15/14 (purchased 12/31/13) 100,000 Treasury Bills, due on 7/31/14 (purchased 7/31/13) 120,000 Included in the cash on hand are currencies and coins P9,000, postage stamps P1,300, and a check drawn against BDO current account 1 P21,000. The Security Bank savings account is set a side for the acquisition of new office equipment. Based on the abovementioned facts, how much should be reported as cash and cash equivalent in the company's balance sheet as of December 31, 2013? Ans: 5. John Paul Company banks with World Bank and prepares a reconciliation of the bank and book balances on a regular basis. The April 31, 2013 reconciliation shows a balance per bank of P581,050, balance per books of P627,000, outstanding checks of P84,300, deposit in transit of P120,000, interest earned on the bank balance of P1,250, and service charges of P400. Included in the bank statement was a cancelled check that the company failed to record. The check was in payment of bank loan. Determine the amount of unrecorded check issued by the company in payment of bank loan. Mahi Yan, the owner of Ever Loyal Corp. spilled ink on the company's December 31, 2013 bank reconciliation. The latest statement of account from Bank Crupt showed an ending balance of P38,520. According to the company's accountant, there were only three recon- ciling items on the statement she prepared: Deposit in transit (DIT) of P17,150, a bank Further, the Bookkeeper discovered that cash sale of P52,000 was recorded in the books as P25,000. Check in payment to a supplier for P145,000 was taken up as P14,500. Compute the adjusted cash balance per books that should be reported in the December 31, 2013 balance sheet. 8. You are attempting to determine an apparent cash shortage that you believe resulted from an employee's theft. You have gathered the following information for the month of May: Cash balance per books, May 1 P 34,789.11 Cash receipts for May, per books 73,942.50 Cash disbursements for May, per books 100,412.73 Cash balance, per bank statement, May 31 Deposit in transit, May 31 Outstanding checks, May 31 Bank service charge for May What is the amount of the suspected cash shortage? 4,602.42 3,000.00 811.14 27.60 8. In preparing its April 30, 2013 bank reconciliation, Pinky Company showed the following information: Balance per bank statement, 04/30/2013 Deposit in transit, 04/30/2013 Customer's check returned by bank due to lack of funds Outstanding checks, 04/30.2013 Bank Service charges for April 2012 Deposit of Red Company credited by bank in error A check in payment of rent for P2,000 was recorded by the depositor as P20,000 What is the company's correct cash balance at April 30, 2013? P90,250 16,250 1,800 8.250 300 1,200 10. Company B receives its bank statement for the month ending Dec. 31, 1999 on Jan. 5, 2000. The bank statement shows a balance of P30,000. The cash account on Dec. 31, 1999 shows a credit balance of P3,000. In reconciling the balances, the auditor discovers the following: Receipts of Dec. 31, 1999 not deposited until Jan. 2, 2000 of P5,000 Bank service charges for Dec. 1999 of P1,000 A paid check for P2,000 was recorded in the cashbook as P20,000. Assuming no errors except as noted above, compute for the amount of the outstanding check: 7. Mahi Yan, the owner of Ever Loyal Corp. spilled ink on the company's December 31, 2013 bank reconciliation. The latest statement of account from Bank Crupt showed an ending balance of P38,520. According to the company's accountant, there were only three recon- ciling items on the statement she prepared: Deposit in transit (DIT) of P17,150, a bank error (caused by an understatement on the part of the bank for a previous deposit by Ever Loyal Corp.) and outstanding checks. The accountant also clearly remembers that after adding the DIT and the bank error to the unadjusted bank balance, the total was P55,830. If the reconciled amount is P46,020, how much was the bank error and outstanding check, respectively? Bank error: Outstanding check: 7. BJ Company's cash balance per books as of December 31, 2013 shows a balance of P565,000 before considering year-end adjustments. The company maintains checking account with Metro Bank and the bank statement for the month of December 2013 was received on January 5, 2014 with the following information: Debit memos (DMs): December 1 Bank charge for cost of check book P1,200 10 NSF check 15,000 15 NSF check 22,500 28 Payment of loan with Metro bank 100,000 Credit memos (CMs): December 15 Collection of note by bank plus P75,600 interest 20 Correction of error committed by 6,500 Bank last Nov. 25,2004 31 Interest on bank deposit, net of tax 1,500 Further, the Bookkeeper discovered that cash sale of P52,000 was recorded in the books as P25,000. Check in payment to a supplier for P145,000 was taken up as P14,500. Compute the adjusted cash balance per books that should be reported in the December 31, 2013 balance sheet. 8. You are attempting to determine an apparent cash shortage that you believe resulted from an employee's theft. You have gathered the following information for the month of May: Cash balance per books, May 1 P 34,789.11 Cash receipts for May, per books 73.942.50 Cash disbursements for May, per books 100,412.73 Cash balance, per bank statement, May 31 Deposit in transit, May 31 Outstanding checks, May 31 Bank service charge for May What is the amount of the suspected cash shortage? 4,602.42 3,000.00 811.14 27.60