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Please answer as much as possible thank you so much 7. Mahi Yan, the owner of Ever Loyal Corp. spilled ink on the company's December

Please answer as much as possible thank you so much

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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

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