Calliope Co. is preparing its November 30, 20x1 bank reconciliation.

The following information was determined:

1. The cash balance per books if P510,000 while the cash balance per bank statement is P580,000.
2. The bank collected P640,000 from a customer, representing P600,000, principal of note receivable and P40,000
3. NSF check of P150,000 returned by the bank to ABC. ABC has not yet recorded the return of the check.
4. Collections amounting to P310,000 were deposited by month-end were not reflected on the bank statement.
5. Checks issued totaling P60,000 are not yet presented to the bank for payment.
6. A book error caused the debits to be overstated by P120,000.
7. A bank error casued the debits to be overstated by 90,000.
8. A certain check drawn for P30,000 was recorded on the books as P40,000.
9. A deposit made by the company amounting to 50,000 was credited by the bank as P75,000.00
10. A payment made by customer of Cali Co. amounting to 10,000 was credit to Calliope Co by the bank.
11.The bank charged Calliope Co. 5,000 for interest expense. It was discovered that the interest expense is pertain
Caldera Co. not to Calliope Co.

Requirement: Prepare the bank reconciliation.

nformation was determined:

nt is P580,000.
of note receivable and P40,000 interest.
e return of the check.
cted on the bank statement.

as P75,000.00
liope Co by the bank.
the interest expense is pertaining to
HyperX Co. deposits all receipts and makes all payments by check. The following information is available from the c

March 31 BANK RECONCILIATION

Balance per bank 26,746.00
Add: Deposit in Transit 2,100.00
Less: Outstanding Check (3,800.00)
Balance per books 25,046.00

Month of April Results

Per Bank Per Books

Balance April 30 27,995.00 24,355.00

April Deposits 10,784.00 12,889.00
April checks 11,100.00 13,080.00
April note collected (not included in April deposits) 3,000.00 -
April bank service charge 35.00
April NSF check of a customer returned by bank
(recorded by bank as a charge) 900.00

Requirements:
a. Compute for the April 30 Deposit in Transit
b. Compute for the April 30 Outstanding Checks
c. Prepare the April 30 bank reconciliation.
tion is available from the cash records: