BOOK The following BANK STATEMENT was received from National

The following LEDGER ACCOUNT is a copy of the bank Bank by the Super Company:
account in the ledger of Super Company:
Date Debit Credit Balance
Cash in bank – National Bank Dec.1 Balance 100,000
Dec.1 Balance 100,000 Dec.1 Check#771 20,000 1
6 Deposit 30,000 4 772 5,000 1 771 20,000 80,000
12 Deposit 40,000 6 773 35,000 4 772 5,000 75,000
24 Deposit 50,000 10 774 15,000 6 773 35,000 30,000 70,000
31 Deposit 60,000 14 775 30,000 12 774 15,000 40,000 95,000
18 776 25,000 12 776 52,000 43,000
24 777 40,000 24 1042 8,000 50,000 85,000
28 NSF check 10,000 45,000 CM 120,000
Dec 31 P 110,000 28 Service charge 5,000 115,000

Required: Bank reconciliation and adjusting entries.

1. Check No. 1042 was drawn by Super Garage. The bank

charged it in error to the account of Super Company.
2. Check No. 776 was correctly drawn for P52,000 in
payment of account. The amount P25,000 was entered in
the books of original entry.
3. The credit on December 28 represents the proceeds of a
P50,000 note, less a collection fee of P5,000 collected by
the bank and credited to the account.
4. The NSF check was received from a customer in payment of
account.

BANK