No.

7163 P18,623
No. 7284 P17,320
No. 7285 P10,612
No. 8722 P16,322
No. 8724 P12,280
No. 8733 P16,200

The company’s general ledger shows a cash balance of P696,499 on March 31, 2018.

Realizing that being the cashier-accountant of the company he can easily

misappropriate collections and conceal it, Alex removed all the cash on hand in excess of
P127,301, and then prepared the following reconciliation in an effort to conceal this theft.

Bank Reconciliation
Balance per accounting records
P696,499
Add: Outstanding checks
No. 8722 P16,322
No. 8724 P12,280
No. 8733 P16,200
P620,802
Total
P717,301
Deduct: Cash on hand P127,301
Balance per bank statement, March 31
P590,000