Reference no: EM132802241
Question - Sapphire Company provided the following information for the month of December:
Balance per bank statement December 31 2,800,000
Bank service charge for December 12,000
Interest paid by bank to Sapphire Company for December 10,000
Deposits made but not yet recorded by the bank 350,000
Checks written but not yet recorded by the bank 650,000
The entity discovered that it had drawn and erroneously recorded a check for P46,000 that should have been recorded for P64,000.
What is the cash balance per ledger on December 31?
a. P2,500,000
b. P2,520,000
c. P2,540,000
d. P2,800,000
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