The bookkeeper of Calumpit Company recently prepared the following bank reconciliation on December 31, 2020: 20,000,000 1,500,000 50,000 Balance per bank statement Add: Deposit in transit Checkbook and other bank charge Error made by Calumpit in recording check No. 1005 (issued in December) Customer check marked DAIF Total 150,000 500,000 2,200,000 22,200,000 Deduct: Outstanding checks Note collected by bank (includes P200,000 interest) Balance per book 1,900,000 2,300,000 4,200,000 18,000,000 Calumpit has P1,000,000 cash on hand on December 31, 2020. 32 - 34 The amount to be reported as cash on the balance sheet as of December 31, 2020 should be In your audit of Mindanao Company as of December 31, 2020, you gathered the following: Balance per book 1,000,000 Bank charges 3,000 Outstanding checks 235,000 Deposit in transit 300,000 Customer note collected by bank 375.000 35 - 37 The correct cash balance at December 31, 2020