Balance per Bank ₱ 21,021.

40 Assets
Deposit in Transit ₱ 3,000.00 Furniture
Minus: Outstanding Checks ₱ 2,000.00 Cash, beg
Adjusted Cash Balance ₱ 22,021.40 (Balancing Figure)

Total Purchases ₱ 143,935.50

(Sales x 60%) + End Inv
Minus: Accounts Payable End ₱ 24,362.80
Cash Payment for Inventories ₱ 119,572.70 Cash Beginning
Minus: Pruchases
Total Sales ₱ 84,691.00 Minus: Expenses
Minus: Accounts Receivable End ₱ 85,568.00 Minus: Salaries
Diiference -₱ 877.00 Difference between Sales and AR
Cash Per Ledger

Bank Recon
Balance per Bank ₱ 21,021.40 Balance per Book
Deposit in Transit ₱ 3,000.00 Less: Bank Charge
Minus: Outstanding Checks ₱ 2,000.00
Adjusted Cash Balance ₱ 22,021.40 Adjusted Cash Balance

Therefore the are no cash shortage

 Liabilities and Owner's Equity
225,000.00 Capital Stock 200,000.00
235,000.00 Mortgage Payable 200,000.00
Notes Payable 40,000.00
Notes Payable 20,000.00
460,000.00 460,000.00

235,000.00
119,572.70
45,300.00
46,228.90
877.00
23,021.40

23,021.40
1,000.00

22,021.40