The June disbursements of Lovely Company shows a total of P2,566,400. The following errors, however, were discovered relating to two checks issued by the company and cleared by the bank during the month of June. *Check #12345 was drawn for P32,300 but was erroneously recorded as P23,300. *Check #12543 was drawn for P20,000 but was erroneously recorded as P2,000.  How much is the correct disbursements per books?

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.