Reference no: EM133009799

The following data pertaining to the cash transactions and bank account of Mandirigma Company for the month of May are available to you:

Cash balance, per bank statement, 5/31 - 31,948;

Bank service charge for May - 109;

Debit memo for the cost of printed checks delivered by the bank - 125;

Outstanding checks, May 31 - 6,728;

Deposit of May 30 not recorded by bank until June 1 - 4,880; Proceeds of a bank loan of May 30, net of interest of P300 - 5,700;

Proceeds from a customer's promissory note, including interest of P100 - 8,100;

Check No. 2772 issued to a supplier entered in the accounting records at P2,100 but deducted in the bank statement at an erroneous amount of - 1,200;

Stolen check lacking an authorized signature, deducted from Mandirigma's account by the bank in error - 800;

Customer's check returned by the bank marked NSF; no entry has been made in the accounting records to record the returned check - 760.

Problem 1: What is the cash balance per books at May 31?

a. P18,994
b. P30,000
c. P42,806
d. P17,194