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problem solving: Hot Company prepared the following bank reconciliation for the month of November: Balance per bank statement - November P 3,600,000 30 Add: Deposits

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Hot Company prepared the following bank reconciliation for the month of November: Balance per bank statement - November P 3,600,000 30 Add: Deposits in transit 800,000 Total P 4,400,000 Less: Checks outstanding P 1,200,000 Bank credit recorded in error 200,000 1,400,000 Balance per book - November 30 P 3.000.000 Data per bank statement for the month of December: December deposits, including notes receivable collected of P 5,500,000 P 1,000,000 for Hot Company December disbursement, including NSF check P 350,000 and service charge P 50,000 4,400,000 All items that were outstanding on November 30 cleared through the bank in December, including the bank credit. In addition, checks of P 500,000 were outstanding and deposits of P 700,000 were in transit on December 31. What is the adjusted cash in bank on December 31? What is the amount of cash receipts per book in December? What is the amount of cash disbursements per book in December

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