Question: answer and show solution The following information was obtained in connection with the audit of SOLEDAD COMPANY's cash account as of December 31, 2021. The

answer and show solution The following information was obtained in connection

answer and show solution

The following information was obtained in connection with the audit of SOLEDAD COMPANY's cash account as of December 31, 2021. The cash receipts book of December is underfooted by P7,500. The bank erroneously charged the company's account for a P11,250 check of another depositor. This bank error was corrected in January 2022. Questions: 5. What is the total book disbursements in December? A. P386,250 B. P371,250 C. P385,500 D. P378,750 6. What is the book balance on November 30,2021 ? A. P63,750 B. P48,750 C. P112,500 D. P105,000 7. What is the bank balance on November 30,2021 ? A. P55,500 B. P69,000 C. P130,500 D. P48,750 8. What is the total bank receipts in December? A. P360,000 B. P420,000 C. P435,000 D. P450,000 9. What is the total bank disbursements in December? A. P411,000 B. P463,500 C. P397,500 D. P388,500 10. What is the bank balance on December 31,2021 ? A. P64,500 B. P93,000 C. P99,750 D. P79,500

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