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The company received the bank statement for the month with an unadjusted balance of P944,000. It includes a debit memo worth P19,000 and a credit

The company received the bank statement for the month with an unadjusted balance

of P944,000. It includes a debit memo worth P19,000 and a credit memo for P10,000.

The company observed that there is a deposit in transit worth P200,000 and

outstanding checks amounting to P74,000.

a. How much is the adjusted cash balance?

b. How much is the unadjusted book balance?

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