Determine true or false the if the answer is false write the word or group of words that made it false

2. Problem 1 . True or False-1-10 Page 133 book of Millan. If your answer is False write the word or group of words that made it False and supply/write the correct one. ( 10 points) PROBLEMS PROBLEM 1: TRUE OR FALSE 1. The bank statement is a report that is prepared for the purpose of bringing the balances of cash per records and per bank statement into agreement. 2 When preparing bank reconciliation, credit memos are added to the balance per bank statement to get the adjusted balance. 3. A bank decreased a depositor's account. To notify the depositor, the bank will issue a credit memo. 4. Bank memorandums not recorded by the depositor require reconciling entries in the depositor's books of accounts. 5. A bank statement has a balance of P200. If the credit memos are P20 while the outstanding checks are P10, the adjusted cash balance is P190. 6. The ledger balance of cash is P100. If the credit memos are P20, deposits in transit are P20, outstanding checks are P10, and NSF checks are P5, the adjusted cash balance is P110, 7. In a proof of cash, if the June 30 cash balance is P20 while the July cash receipts and disbursements are P10 and P18, respectively, the July 31 cash balance must be P12. 8. An entity is preparing a proof of cash for November 30 and December 31. If the unadjusted bank statement balance on November 30 is P30, the unadjusted deposits and withdrawals during December are P5 and P3, respectively, the unadjusted bank statement balance on December 31 must be P28. 9. The credit memos from the previous month are extended to the cash receipts column of a proof of cash as an addition. 10. The debit memos from the previous month are extended to the cash disbursements column of a proof of cash as a deduction