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please show complete solution. will upvote 0 Answer the following items. 1. In preparing the August 31, 201A bank reconciliation, Happy Studios provided the following

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please show complete solution. will upvote

0 Answer the following items. 1. In preparing the August 31, 201A bank reconciliation, Happy Studios provided the following information: Balance per bank statement P1,805,00 Deposit in transit 325,000 Return of customer's NSF 60,000 check Outstanding checks 275,000 Bank service charge for 10,000 August On August 31, 201A, what is the adjusted cash in bank? 0 2. In preparing the bank reconciliation on December 31, 201A, Clean R Company provided the following data: Balance per bank statement P3,800,00 Deposit in transit 520,000 Amount erroneously credited by bank to 40,000 Gideon's account Outstanding checks 675,000 Bank service charge for August 5,000 What is the adjusted cash balance on December 31, 201A? 3. In an audit of Alex Corporation on December 31, 201A, the following data are gathered: Balance per book P1,000,000 Bank charges 3,000 Outstanding checks 235,000 Deposit in transit 300,000 Customer's note collected by the bank 375,000 Interest on customer note 15,000 Customer check returned NSF 62,000 What is the unadjusted bank balance on December 31, 201A? What is the adjusted cash in bank on December 31, 201A? 0 4. Glorious Corporation prepared the following bank reconciliation on December 31, 2014: Balance per bank statement P2,800,00 Add: Deposit in Transit P195,000 Checkbook printing charge 5,000 Error made by David in recording Check No. 14 (Issued in December) 35,000 NSF Check 110.000 345.000 3,145,000 Less: Outstanding checks 100,000 Note collected by bank (includes P15,000 215.000 315.000 interest) Balance per books P2,830,00 The entity had P200,000 cash on hand on December 31, 201A. What amount should be reported as cash in the statement of financial position on December 31, 201A

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