PREPARE BANK RECONCILIATION McKnight Company's June 30 bank statement shows a balance of P14,750. Mcknight's books show a June30 cash balance of p13,600. Mcknight also has the following information:...

Extracted text: PREPARE BANK RECONCILIATION McKnight Company's June 30 bank statement shows a balance of P14,750. Mcknight's books show a June30 cash balance of p13,600. Mcknight also has the following information: 1.Deposits in transit as of June 30, P 1,000 2. Outstanding checks as of June30, P 2,500 3. P100 service charge reported on the bank statement 4. NSF check returned with bank statement P1,500 5. Interest on note receivable collected by the bank, P1,250