Can I ask for the solution for these following problems? This is from my subject in Intermediate Accounting.

1.) Kalix Company provided the following data relating to the cash transactions and bank account for the month of July:

Cash balance per ledger ?

Cash balance per bank statement ?

Debit memo for July service charge 5,000

Deposit of July 31 not recorded by bank until

August 1 450,000

Outstanding checks, including certified check

of P50,000 750,000

Proceeds of bank loan not recorded in ledger 500,000

Proceeds from customer note, face P400,000,

collected by bank, collection fee of P15,000 435,000

A creditor check had been entered in the book

as P20,000 and was erroneously deducted by

the bank at 200,000

A customer check was returned by bank

marked DAIF 50,000

Correct cash balance 3,000,000

What is the cash balance per ledger?

a.) 2,120,000

b.) 3,055,000

c.) 2,555,000

d.) 2,065,000

What is the cash balance per bank statement?

a.) 3,700,000

b.) 3,070,000

c.) 3,050,000

d.) 2,370,000

2.) On Feb. 14, 2020, Vanguard Company sold 50 air conditioning units. The sale price for each unit is P50,000.

All of the sales are subject to terms 2/10, n/30. The entity used the net method of accounting for accounts receivable.

Requirements:

• Prepare the journal entry to record the sale.
• Prepare the journal entry to record receipt of the payment assuming the correct amount was received on Feb. 24, 2020.
• Prepare the journal entry to record receipt of the payment, assuming the correct amount was received on March 10, 2020.