Question 1 Shown below is the bank reconciliation for Zephaniah Company for August 2019: P112,500 18,000 130,500 Balance per bank, August 31, 2019 Add: Deposits in transit Total Less: Outstanding checks Bank credit recorded in error Cash balance per books, 08/31/2019 P21,000 7,500 28,500 P102,000 The bank statement for September 2019 contains the following data: P82,500 Total deposits Total charges, including an NSF check of P6,000 and a service charge of P300 72,000 All outstanding checks on August 31, 2019, including the bank credit, were cleared in the bank in September 2019. There were outstanding checks of P22,500 and deposits in transit of P28,500 on September 30, 2019. Required: Compute the cash balance per bank on September 30, 2019