Your senior auditor instructed you to prepare a four-column proof of cash receipts and disbursements for the month of August 2014. The bank reconciliation prepared by FAILNOT Company at July 31 is reproduced below (all book adjustments were recorded in August):
	bank	book
Balance	52,000	40,000
Deposits in transit, July 31	900
Outstanding checks:	200
436	1,800
450	1,400
451	600
454
Proceeds of Note receivable collected by bank in July		8,000
Deposits made in bank on July 31 not recorded in books until August	1,000
Bank service charge		100
`Adjusted balance
Upon inquiry about the client’s August 31 bank reconciliation, you were informed that it has been lost and that the client is too busy at this time to prepare another. Your senior auditor told you to get the August bank statement and paid checks and to prepare the August 31 reconciliation so that you may complete the August proof of cash. The august bank statement is reproduced below:
Bank of Judah
Account Name: FAILNOT Company
Date	Checks	Ref	Deposits
31-Jul
1-Aug	Php1,800		Php 900
6-Aug	1,400		10,000
9-Aug	600
12-Aug	140	DM	140
15-Aug	1,000		14,000
20-Aug	700
27-Aug	1,440		100
29-Aug	100	EC
31-Aug	440	SC
31-Aug	300	DM
31-Aug	1,820
SV – Service charge; DM – Debit Memo; EC – error corrected; CM – credit memo. The checks paid accompanying this bank statement (all clearing in August) were (checks listed in order of payment by bank). No. 450, P1,800; No. 451, P1,400; No. 454, P600; No. 455, P1,000; No. 456, P700; No. 458, P1,440; and No. 459, P1,820. The check register revealed that the last check issued in August was No. 460 for P1,000 and that check No. 457 was for P2,400. Cash received for the period of August 21 through 31 of P9,400 was deposited in the bank on September 1. The debit memo on August 12 and August 31 were customer NSF checks returned by the bank. The check on August 12 was immediately redeposited without entry. The check returned on August 31 was redeposited by the client in the bank on September 1 without entry.
Required: Prepare Proof of Cash & PAJE