The following summarized transactions were taken from the bank statement for the month of December 2017. Balance, December 1, 2017 P. 16.500 Total deposits 173,700 The total deposits per bank statement include: 3. Collection of note receivable P 5.000 b. Correction of November erroneous bank charge 2,000 G. December 10 deposit of another depositor credited in error to Durant 600 Total checks 65,200 The total checks per bank statement include: 3. Correction of November erroneous bank credit P 500 b. December check of another company charged in error to Durant 3,000 Cash on hand per count in the morning of January 2, 2018 amounted to P6,300. Before leaving the company for a one-week vacation, the president of Durant had left several signed blank checks that the cashier-bookkeeperhad cashed for his personalPROBLEM 1 You have been asked by the proprietor of Durant Company to verify the accountability of the cashier-bookkeeper, who was allowed to take a vacation leave a few days ago. The bank reconciliation statements prepared by the cashier-bookkeeper are presented below: November 30, 2017: Balance per bank statement P21,500 Cash on hand 500 Total P22, 000 Outstanding checks: No. 520 P2.000 No. 521 1,400 No. 522 1,900 (3,300) Erroneous bank charge 2,000 Erroneous bank credit 5001 Book balance P20.200 December 31, 2017: Balance per bank statement P135,000 Cash on hand 6,300 Total P141,300 Outstanding checks: No. 674 P31,000 No. 675 10,300 No. 676 5.000 (41.300). Erroneous bank charge 3,000 Erroneous bank credit 600) Book balance P102 400 The Cash-in-Bank account in the general ledger shows the following debits and credits during December: DEBITS CREDITS Dec. 1 Balance P20.200 P2.000 2 From customers 4.500 Dec. 1 Checks issued 5 Checks issued 5,200 From customers 5,000 14 Checks issued 31,000 12 From customers 20,000 24 Checks issued 46,000 17 From customers 30,000 28 Checks issued 7,600 23 From customers 9,000 27 From customers 70,000 31 From customers 48.500 Balance 102,400 Total P198,200 Total P198,200