Problem 15 - 5 (IAA)

Stellar Company provided the bank statement for the month of December
which included the following information:
Ending balance, December 31 2,800,000
Bank service charge for December 12,000
Interest paid by bank to Stellar Company for December 10,000

In comparing the bank statement to its own cash records, the entity found
the following:
Deposits made but not yet recorded by the bank 350,000
Checks written and mailed but not yet
recorded by the bank 650,000
In addition, the entity discovered that it had drawn and erroneously
recorded a check for P46,000 that should have been recorded for
P64,000.