PROBLEM C: The reconciliation of Issa Company's bank account at May 31, 2020 is shown below: Balance per bank statement P1,050,000 Deposit in transit 150,000 Checks outstanding (15.000) Correct cash balance P1.185,000 Balance per book P1,186,000 Bank service charge (1.000) Correct cash balance P1,185,000 June data are follows: Book P1,180,000 900.000 Checks recorded Deposit recorded Collection by bank (P200,000 note plus interest) NSF check returned with June 30 bank statement Balances Bank P1,150,000 810,000 210,000 5,000 915,000 905,000 1. What is the total outstanding checks at June 30, 2020? 2. How much is the deposit transit at June 30, 2020? 3. What is the adjusted cash balance at June 30, 2020? Lovable Company prepared the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit Total Outstanding checks Balance per book, June 30 3,000,000 400,000 3,400,000 (900,000) 2,500,000 The bank statement for the month of July showed the following: . Deposits (including P200,000 note collected for Lovable) 9,000,000 Disbursements (including P140,000 NSF check and P10,000 service charge) 7,000,000 All reconciling items on June 30 cleared through the bank in July. The outstanding checks totaled P600,000 and the deposit in transit amounted to P1,000,000 on July 31. 1. What is the cash balance per book on July 31? 2. What is the amount of cash receipts per book in July? 3. What is the amount of cash disbursements per book in July? 4. What is the balance per bank statement on July 31? 5. What is the adjusted cash balance at the end of July? Flamboyant Company prepared the following bank reconciliation on October 31: 990,000 5,000 45,000 Cash account balance Less : Bank service charge Deposit outstanding Check erroneously charged by bank against entity's account Balance Add: Checks outstanding Unrecorded collections Bank statement balance 10,000 60,000 930,000 125,000 45,000 170,000 1,100,000 October 31 balance per book Book credits Book de bits 990,000 1,220,000 710,000 October 31 balance per bank statement Bank credits Bank de bits Debit memo for service charge in November Debit memo for a customer's NSF check in November 1,100,000 500,000 1,000,000 10,000 50,000 During the month of November, the bank corrected the P10,000 error committed in prior month. The entity recorded as cash receipt a customer's note of P100,000 placed with the bank for collection on November 30. The note was not collected until the subsequent month. Required: 1. Prepare bank reconciliation statement on November 30 showing adjusted balances. 2. Prepare one adjusting entry only on November 30