PROBLEM 9 Love Company reported the following information in relation to cash on December 31, 2020: Checkbook balance, P4,000,000. Undeposited collections, P400,000. A customer check amounting to P200,000 dated January 2,2021 was included in the December 31, 2020 checkbook balance Another customer check for P500,000 deposited on December 22, 2020 was included in the checkbook balance but the bank for insufficiency of funds. This check was redeposited on December 26, 201920 and clear two days later. A P400,000 check payable to supplier dated and recorded on December 30, 2020 was mailed on January 16, 2021. A petty cash fund of P50,000 comprised the following on December 31, 2020: Coins and currencies 5,000 Petty cash vouchers 40,000 Refundable deposit for returnable containers 5,000 TOTAL 50,000 A check of P40,000 was drawn on December 31, 2020 payable to Petty Cash. 10 points What is the adjusted cash in the bank on December 31, 2020? *