problem solving:

Alpha Corporation's bank statement for the month of April included the following information: Bank service charge for April P 1,300 Check deposited by Alpha during April was not collectible and has been marked "NSF" by the bank and 4,000 returned In comparing the bank statement to its own cash account, Alpha found the following: Deposits made but not yet recorded by the bank P 13,240 Checks written and mailed but not yet recorded by the 9,870 bank All the deposits in transit and outstanding checks have been properly recorded in Alpha's books. Alpha also found a check for P 3,500, payable to Alpha Corporation, that had not yet been deposited and had not been recorded in Alpha's books. Alpha's books show a bank account balance of P 41,120 (before any adjustments or corrections). What is Alpha Corporation's correct cash balance at April 30