2. Chris Company presented the following bank reconciliation for the month of November:Balance per bank statement, November 30Add ; Deposit in TransitLess; Outstanding checksBank credit recorded in errorBalance per Book, November 30,1,200,000200,000Data per bank statement for the month of December follow:December deposits, including noteCollected of P1,000,000 for ChrisDecember disbursements, including NSF customerCheck P350,000 and service charge P50,000P3,600,000800,0004,400,0001. What is the adjusted cash in bank on December 31 ?2. What is the cash balance per ledger on December 31 ?1,400,0003,000,0005,500,0004,400,000All items that were outstanding on November 30 cleared through the bankIn December, including the bank credit. In addition, checks amounting toP500,000 were outstanding and deposits of P700,000 were in transit on December 31.3. What is the amount of cash receipts per book in December?4.What is the amount of cash disbursements per book on December31?

The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

2. Chris Company presented the following bank reconciliation for the month of November: Balance per bank statement, November 30 Add ; Deposit in Transit Less; Outstanding checks Bank credit recorded in error Balance per Book, November 30, 1,200,000 200,000 Data per bank statement for the month of December follow: December deposits, including note Collected of P1,000,000 for Chris December disbursements, including NSF customer Check P350,000 and service charge P50,000 P3,600,000 800,000 4,400,000 1,400,000 3,000,000 5,500,000 4,400,000 All items that were outstanding on November 30 cleared through the bank In December, including the bank credit. In addition, checks amounting to P500,000 were outstanding and deposits of P700,000 were in transit on December 31.