PROBLEMS Problem 9-1 (AcP) Sassy Company provided the following data for the month of July: Cash in bank Balance June 30 Book debits for July including June CM 1,000,000 4,000,000 3,600,000 for note collected, P300,000 Book credits for July includingJune NSF of P100,000 and service charge of P4,000 Bank statement for July Balance June 30 1,650,000 Bank debits for July including service e of P1,000 and June outstanding s of P854,000 2,500,000 Bank credits for July includng CM for bank loan of P500,000 and June deposit in transit of P400,000 Required: Prepare bank reconciliation on June 30 and July 31, and adjusting entries on July 31. Problem 9-2 (ACP) Beehive Company provided the following information: Balance per book October 31 Receipts per book for November (collection from 3,500,000 600,000 customer, P100,000 Disbursements per book for November as P10,000) (check for P300,000 in payment of account 1,800,000 930,000 300,000 400,000 recorded as P30,000) Balance per bank statement November 30 Deposit in transit October 31 Outstanding checks November 30 Bank receipts for November inclu erroneous credit of P100,000 which should have been credited to Beeline Company 2,500,000 Bank disbursements for November including 1,970,000 check of Beeline Company, P200,000 Required: repare bank reconciliation on October 31 and November and adjusting entries on November 30. 285