PROBLEM 3 OPTIMISTIC Company provided the following data for the purpose of reconciling the cash balance per book with the balance per bank statement on September 30: Balance per book 877,000 Balance per bank statement 1,998,000 Outstanding checks, including certied check of P125,000 520,000 Deposit in transit 234,000 December NSF d1ecks, of which P55,000 had been redeposited and cleared on September 27 155,000 Erroneous credit to OPTIMISTIC's core account, representing proceeds of loan granted to another company 313,000 Proceeds of note collected by bank for OPTIMISTIC, net of service marge of P23,000 770,000 Prepare a bank reconciliation