14. The books of Hotsilog Service Inc. disclosed a cash balance of PA8,757 on June 30. The bank statement asof June 30 showed a balance of PS4,780. Additional information that might be useful in reconciling the twobalances follows:a. Outstanding checks totaled P9,885 as of June 30.b. Deposit in transit totaled P13,425 as of June 30.C There were bank service charges for sune of P210 not yet recorded on the books.d. Hotsilog's account had been charged on June 26 for a customer's NSF check for P1,296.e. A bank memo stated that a customer's note for P9,000 and interest of P164 had been collected onJune 27.1. Check payable to creditors for P3,000 was erroneously recorded on the books as P4,500.E The deposit of June 24 was recorded on the books as P2,895, but it was actually a deposit of P2,700.h. Hotsilog's account had been credited by the bank for P600. This amount should have been credited toLanguilogHow much is the correct cash balance at the end of the month?A 57,720B. 57,270C 58,920D. S8.2905. Louis Company had the following account balances at December 31, 2021:Cash in Metrobank1,875,000200,000Cash in BPICash on hand (includes a customer's check for P15.000 dated January 5, 2022Cash restricted for acquisition of machinery (expected to be disbursed in 2022)125,0001,600,000Cash in Metrobank include P300,000 of compensating balance agaimst short-term borrowing arrangements.The compensating balance is not legaly restricted as to withdrawal by Louis, In the current asset section oftouis December 31, 2021 statement of financial position, total cash should be reported atB. 1,885,000C. 3,785,000A 2,185,000D. 3,485,00026. The following information is available for the Jacobs Company on March 31 of the current year:146,57062,50021,260Bank statement balance, March 31Note collected by bank, including interest of P2,500, not yet taken up on the booksNSF check returned with the bank statementOutstanding check as of March 31Bank service charges for MarchCredit memo for interest credited by bank for the month of March68,4701,285105What is the correct cash balance at March 31?A 38,145B. 78,100C. 78.205D. 76,815 13. Iron Company provided the following information for the month of October:Cash in bank, per bank statement, October 31Bank service charge for October5,600,00024,000Interest paid by the bank to Iron Company for OctoberDeposits made but not yet recorded by the bankChecks written and mailed but not yet recorded by the bankErroneously recorded a check payment for P92,000 this should be been recorded as20,000700,0001,300,00036,000P128,000What is the cash balance per ledger on October 31?A. 5,000,000B. 5,040,000C. 5,080,000D. 5,600,000

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