PROBLEM 10. In connection with your examination, the Shadow Corporation presented to you the following information regarding its cash in Bank account for the month of June of the current year: May 1,250,000 1,251,000 June 1,350,000 1,051,000 1,300,000 153,000 200,000 150,000 45,000 20,000 125,000 BPI Checking Account balances per bank statement Cash in Bank balances per general ledger Bank charges Undeposited receipts - month end Outstanding checks - month end Erroneous bank credits Erroneous bank debits Collections by bank not recorded by Shadow Corporation No Sufficient Fund Check not entered in the books Customer's check deposited in May amounting to P 21,000 was erroneously entered in the books as P 12,000. This was corrected in June. 20. How much is the adjusted cash balance as of June 302 17,000 30,000 150,000 75,000 110,000 For 21-40, THEORY Questions, kindly refer to MS FORMS