Question: PLEASE CHECK IF MY ANSWER IS CORRECT The bank statement for the checking account of SI DN EE. INC. showed a December 31. 2021. balance

PLEASE CHECK IF MY ANSWER IS CORRECT

PLEASE CHECK IF MY ANSWER IS CORRECT The bankPLEASE CHECK IF MY ANSWER IS CORRECT The bank
The bank statement for the checking account of SI DN EE. INC. showed a December 31. 2021. balance of P1863313. Information that might be useful in preparing a bank reconciliation is as follows a) Outstanding checks were P152025. b} The December 31 . 2021 . cash receipts of P97.500 were not deposited in the bank until January 2. 2022, :2} One check written in payment of rent for P24.600 was correctly recorded by the bank but was recorded by SEDNEE as P201400 disbursement d) in accordance with prior authorization. the bank withdrew P524000 directly from the checking account as payment on a mortgage note payable. The interest portion of that payment was P35.000. SlDNEE has made no entry to record the automatic payment. e] Bank service charges of P1.lJ00 were listed on the bank statement. f} A deposit of P5500 was recorded by the bank on December 13. but it did not belong to SIDNEE The deposit should have been made to the checking account of SHELDON. lnc. g1 The bank statement included a charge of P10.800 for an NSF check The check was retumed with the bank statement and the company will seek payment from the customer. h} SlDNEE maintains a P50.000 petty cash fund that was appropriately reimbursed at the end of December. i) According to instruction for SIDNEE on December 30. the bank withdrew P3.000.000 from the account and purchased Treasury Bills for SIDNEE SEDNEE recorded the transaction in its books on December 31 when it received notice from the bani-L Three fourth of the treasury bills mature in six months. 1. What is the cash in bank balance per books on December 31, 2021? 1915688 2. What is the corrected cash in bank balance on December 31, 2021? 1851288 3. What amount of cash and cash equivalents should be reported in the current asset section of the balance sheet on December 31, 2021? 3401288

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