Republie of the PhilippinesDepariment of khation Region Im CentralLuron SCHOOLS DIVISION OF CTTY OF BALANGANATAAN NATONAL HIGH SCHOOL-SENIOR HIGH SCHOOLHeek 2-4obloSagitiarius Store deposits all receipts intact on the day received and makes all payments by check On April 30,after all posting was completed, its Cash account showed P6,752 debit balance. However, its April 30 bankstatement showed only P6,905 on deposit in bank on that day The following information are availableA Outstanding checks, P1,900b Included with the April cancelled checks returned by the bank was a debit memorandum for bankservices for P118,e Checks No. 4345, returned with the cancelled checks, was correctly drawn for PSR0 in payment for thetelephone bill and was paid by the bank on April 15 but it had been recorded by a debit to TelephoneExpense and credit to Cash for PS50d The April 30 cash receipts, Pl,899 were placed in the bank's night depository after hanking hours on thedate and were unrecorded by the bank at the time the April bank statement was prepared.Required: Prepare a bank reconciliation statement for Sagittarius Store at April 30 and give the journalentries needed as a resolt of having prepared the bank reconciliation.Heek 2-4cthvin4The following data pertains to Cancer Enterprise:a Balance per bank statement dated May 31 is P61,140.h Balance of Cash in Bank account on the company's book as of May 31 is P57,970.C Outstanding checks as of May 31, totals P29,931.d Bank deposits of May 31 for P4,710 was not included in the deposits per bank statement.e The bank collected a P5,225 note that it credited to Cancer Enterprise account The bank charged thecompany a collection fee of P30 on the above note.f The bank erroncously charged the Cancer Enterprise account for P21,000 check for another companythat has a similar account number.g Bank service charges of May, exclusive of the collection fee, amounted to P150.h. Among the cancelled checks was one for P1,045 given in payment of an account. The bookkeeper hadrecorded the check at P1,450 in the company records.L A check of Roland Sotto, a customer, for P6,231, deposited on May 20, was returned check on thecompany's recordsJ A check for P2,470 of Edrian Arias, a customer, which had been deposited in bank, was eroncouslyrecorded by the bookkeeper as P2,740Required: Prepare a bank reconciliation statement as of May 31 of the current year, Also prepare anynecessary journal entriesLerk 2-Activity5The following information pertains to the Virgo Company:P73.35065,6754,500Salarce per bark stalementLedger account balance for cash on Novesber 30Noe colected by barkBark chargesDeposit in tranetNSF check deposied and etunedOuslancing checksBank enor deduced P225from Vege Company accourt forCheck aorualy witen for P2250123tRequired:1 Prepare the bank reconciliation for Virgo Company at November 30, af the currest year.2. Record in general jouroal from the entries necessary la bring the book balance of Casb lato agreementwith the adjusted book balance on the recuaciliation,

Question

Accepted Answer

Hi student
Since there are multiple questions, we will answer only first question.
Ideally cash…