Extracted text: Problem 3-10 (AICPA Adapted) Cool Company prepared the following bank reconciliation for the month of November: Balance per bank statement, November 30 Add: Deposit in transit 3,600,000 800,000 4,400,000 Less: Outstanding checks Bank credit recorded in error 1,200,000 200,000 1,400,000 3,000,000 Balance per book, November 30 Data per bank statement for the month of December: December deposits, including note receivable collected of P1,000,000 for Cool Company December disbursements, including NSF check P350,000 and service charge P50,000 5,500,000 4,400,000 All items that were outstanding on November 30 cleared through the bank in December, including the bank credit. In addition, checks of P500,000 were outstanding and deposits of P700,000 were in transit on December 31. 1. What is the adjusted cash in bank on December 31? a. 4,700,000 b. 4,900,000 c. 4,500,000 d. 3,200,000 2. What is the balance of cash per ledger on December 31? a. 4,100,000 b. 4,900,000 c. 4,700,000 d. 4,300,000 3. What is the amount of cash receipts per book in December? a. 5,400,000 b. 4,400,000 c. 5,500,000 d. 6,400,000 4. What is the amount of cash disbursements per book in December? a. 3,700,000 b. 3,300,000 c. 3,100,000 d. 3,500,000 94