What is the adjusted balance per bank as of May 31, 2022? A. P65,000 B. P70,000 C. P75,000 D. P85,000

What is the amount of cash shortage in order to arrive at the correct adjusted balance per books as of May 31, 2022? A. P1,000 B. P2,000 C. P3,000 D. P4,000

What is the amount of the correct deposits for June 2021? A. P304,200 B. P305,400

C. P306,200 D. P308,400

What is the amount of the correct charges for June 2021? A. P232,400 B. P234,200 C. P235,600 D. P236,400

What is the adjusted balance per book as of May 31, 2022? A. P140,000 B. P150,000 C. P165,000 D. P175,000

In connection with the general examination of the financial statements of XYZ, Inc as at June 30, 2022, the following, among others, were obtained pertaining to the verification of Cash: A. Entries in the books and bank statement were summarized as follows: Books Bank Balance, 5/31/2022 P69,200 P75,000 Add: Cash receipts/deposits 202,500 P297,400 Total P271,700 P297,400 Less: Cash disbursements/charges 235.2002 228.000 Balance, 6/30/2022 P36,500 P144,400 B. Undeposited collections, per records kept by the accountant, on May 31, and June 30, 2022 amounted to P3.400 and P6,000, respectively. C. Deposit column of the bank statement showed the following which could not be traced to the books 1. Proceeds of a hank loan credited on June 16, 2022 at discounted amount of Ps8 DIXI at 12% for one year. 2. Proceeds from sale of shares of stock amount to P10,000 (cost P8,000) transmitted directly by the stock broker to the bank and credited on June 29, 2022 3. Check of P500) received from a salesman, who liquidated his advance, and deposited on June 2, 2012 was subsequently charged (under deposit column) by the hank on June 28, 2012 due to no arrangements D. Checks outstanding, per records kept by the accountant, as at May 31, and June 30, 2022 were as follows: 5/31/2022 6/30/2022 No. 842-P2 SOD NO. 915 - PS SOO No. 843 -4.200 No.916 - 2.500 No. 844-2,000 No. 917-3,000 No 842-500 No 918-1,00%) Total-P9.200 Total-P12,000 E Included among the charges in the June 2022 hank statement were the following 1. Check of Consol, Inc for P1,600, which as charged in error by the bank. 2. Check No. 830 for P1,000, dated May 27, 2022 and paid to "Cash." This was ascertained to have been properly recorded in May 2022 3. Check No. 844 for P200, dated May 31, 2022 and issued to a trade creditor. It was verified that this disbursement was recorded erroneously in the books at P2,000. 4. Check No 870 for P4,200, dated June 10, 2022. This was issued to replace Check No. 843, which was accidentally destroyed by the payee, a trade creditor, While a stop payment order was issued to the bank on June 5, 2022, when advice was received from payee, no entry has been made in the books to record cancellation of No. 843. F. Footing of the June 2022 cash receipts of P202,500 and cash disbursements of P235,200 should be P203.500 and P234,200, respectively G. It was found from the confirmation replies received that the balance of P1,000 due from a customer as at June 30, 2022 was paid on June 18, 2022. However, this count not be traced to the cash receipts books and deposits made in June 2022 In connection with the general examination of the financial statements of XYZ, Inc as at June 30, 2022, the following, among others, were obtained pertaining to the verification of Cash: A. Entries in the books and bank statement were summarized as follows: Books Bank Balance, 5/31/2022 P69,200 P75,000 Add: Cash receipts/deposits 202,500 P297,400 Total P271,700 P297,400 Less: Cash disbursements/charges 235.2002 228.000 Balance, 6/30/2022 P36,500 P144,400 B. Undeposited collections, per records kept by the accountant, on May 31, and June 30, 2022 amounted to P3.400 and P6,000, respectively. C. Deposit column of the bank statement showed the following which could not be traced to the books 1. Proceeds of a hank loan credited on June 16, 2022 at discounted amount of Ps8 DIXI at 12% for one year. 2. Proceeds from sale of shares of stock amount to P10,000 (cost P8,000) transmitted directly by the stock broker to the bank and credited on June 29, 2022 3. Check of P500) received from a salesman, who liquidated his advance, and deposited on June 2, 2012 was subsequently charged (under deposit column) by the hank on June 28, 2012 due to no arrangements D. Checks outstanding, per records kept by the accountant, as at May 31, and June 30, 2022 were as follows: 5/31/2022 6/30/2022 No. 842-P2 SOD NO. 915 - PS SOO No. 843 -4.200 No.916 - 2.500 No. 844-2,000 No. 917-3,000 No 842-500 No 918-1,00%) Total-P9.200 Total-P12,000 E Included among the charges in the June 2022 hank statement were the following 1. Check of Consol, Inc for P1,600, which as charged in error by the bank. 2. Check No. 830 for P1,000, dated May 27, 2022 and paid to "Cash." This was ascertained to have been properly recorded in May 2022 3. Check No. 844 for P200, dated May 31, 2022 and issued to a trade creditor. It was verified that this disbursement was recorded erroneously in the books at P2,000. 4. Check No 870 for P4,200, dated June 10, 2022. This was issued to replace Check No. 843, which was accidentally destroyed by the payee, a trade creditor, While a stop payment order was issued to the bank on June 5, 2022, when advice was received from payee, no entry has been made in the books to record cancellation of No. 843. F. Footing of the June 2022 cash receipts of P202,500 and cash disbursements of P235,200 should be P203.500 and P234,200, respectively G. It was found from the confirmation replies received that the balance of P1,000 due from a customer as at June 30, 2022 was paid on June 18, 2022. However, this count not be traced to the cash receipts books and deposits made in June 2022