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Your audit senior instructed you to prepare a four-column proof of cash receipts and disbursements for the month of December 2020. The bank reconciliation prepared

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Your audit senior instructed you to prepare a four-column proof of cash receipts and disbursements for the month of December 2020. The bank reconciliation prepared by Kaam Company at November 30 is reproduced below: Unadjusted bank P 96,800 Unadjusted book P 58,640 balance balance Add: Deposit in transit 18,000 Add: CM - Note 40,320 collected Total 114,800 Total 98,960 Less: Outstanding Less: DM - Bank 160 checks: charges No. 276 P 2,400 282 7,200 284 4,800 285 1,600 16,000 Adjusted balance P 98,800 Adjusted balance P 98,800 The December bank statement, which has a beginning balance of P96,800, is reproduced below: BDO Unibank, Inc. Account Name: Kaam Company Date Debits Credits December 1 P 18,000 December 2 P 7,200 40,000 December 4 24,000 December 6 48,000 December 8 400,000 CM83 December 10 40,000 DM97 December 11 56,000 December 16 20,000 December 18 64,000 December 21 72,400 December 28 36,000 80,000 December 29 4,000 DM98 64,000 CM84 P 131,200 P 842,400 DM97 - Customer's DAIF check CM83 - Note collected by the bank DM98 - Service charge CM84 - Account collected by the bankThe company's cash receipts and cash disbursements journals for the month of December 2020 are provided below: Cash Receipts Journal Cash Disbursements Journal Date OR No. Amount Date Check Amount E Dec. I 4] 5 P 40.000 Dec. I 286 P I6.000 5 4i 6 48.000 3 28? 24,000 I0 4] F 56 .000 I0 288 32,000 I F 4] 8 64.000 I4 289 20,000 20 4i 9 F2000 20 290 28,000 2? 420 80.000 23 29 I 36,000 3i 42] 88.800 26 292 40,000 28 293 44,000 3] 294 48,000 Total P 440.800 Total P 304.000 The company's Cash in Bank ledger appears below: Cash in Bank I2f0IfI9 Balance P 58.640 12/3] H9 CDJ P 304.000 I 2} I 0.' I 9 GJ 40,320 I2I3III9 GJ {CM83j 400,000 CRJ 440,800 Based on the application of the necessary-r audit procedures and appreciation of the above data, you are to provide the answers to the following: I. What is the amount of outstanding checks as of December 3i, 2020? 2. What is the amount at the adjusted book receipts for December 2020? 3. What is the amount of the adjusted book disbursements for December 2020? 4. What is the amount of the adjusted cash balance as of December 3]. 2020

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