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What is the unadjusted bank statement balance on December 31, 2020? * PROBLEM 4: Atlas Company kept all cash in a checking account. An examination

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What is the unadjusted bank statement balance on December 31, 2020? *

PROBLEM 4: Atlas Company kept all cash in a checking account. An examination of the accounting records and bank statement for the month ended December 31, 2020 revealed book balance of P8,524,000. A deposit of P950,000 placed in the bank's depository on December 29 does not appear on the bank statement. Checks outstanding on December 31 amounts to P270,000. The bank statement showed that on December 25 the bank collected a note for Atlas Company and credited the proceeds of P935,000 to entity's account which included P35,000 interest. Atlas Company discovered that a check written in December for P183,000 in payment of an account had been recorded as P138,000. The bank statement revealed an erroneous credit memo of P50,000 and debit memo of P110,000. Included with the December 31 bank statement was NSF check for P250,000 that Atlas Company had received from a customer on December 20. The bank statement showed a P15,000 service charge for December. What is the unadjusted bank statement balance on December 31, 2020

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