Determine what is the correct cash balance

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The cash account shows a balance of P450,000 before reconciliation. The bank statement does not include a deposit of P23, 000 made on the last day of the month. The bank statement shows a collection by the bank of P9,400 and a customer's NSF check for 3,200 was returned together with the bank statement. A customer's check for P4,500 was recorded in the books at P5,400, and a check written for P790 was recorded as P970.

Question 1: What is the correct cash balance?

Reference no: EM132513218

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