how to solve this? 4. "Quincy" Company's accountant prepared the following bank reconciliation for March 2018:Balance per bank statement, March 31Add: Deposit in transitP200,000118,000318,000TotalLess: Outstanding checksBank credit recorded in errorP150,0008,000158,000160,000Balance per book, March 31The bank statement for April 2018 contains the following:Total deposits including credit memo of P10,000Total charges including service charge of 2,000P190,000156,000All outstanding checks on March 31 including the erroneous bank credit were cleared in bank inApril 2016. There were outstanding checks of P15,000 and deposit in transit of P19,000 on April 30.Q1. What is the cash balancebook on April 30, 2018?а.P230,000b. P238,000с.P234,000d. P160,000Q2. What is the cash balance per bank on April 30, 2018?а.P230,000b. P238,000c. P234,000Page 2 of 3//I/I/I//aps///II///// Bank Reconciliationd. P160,000Q3. What is the adjusted cash on April 30, 2018?a. P230,000b. P238,000c. P234,000d. P160,000

The bank reconciliation statement is prepared to adjust the cash book balance and pass book balance…

"Quincy" Company's accountant prepared the following bank reconciliation for March 2018: P200,000 Balance per bank statement, March 31 Add: Deposit in transit 118,000 Total 318,000 Less: Outstanding checks Bank credit recorded in error P150,000 8,000 158,000 Balance per book, March 31 160,000 The bank statement for April 2018 contains the following: Total deposits including credit memo of P10,000 P190,000