The following information was obtained in connection with the audit of BARRISTAN

Companys cash account as of December 31, 2015.

Outstanding checks, 11/30/2015
Outstanding checks, 12/31/2015
Deposit in transit, 11/30/2015
Cash balance per ledger, 12/31/2015
Actual company collections from its customers during
December
Company checks paid by bank in December
Bank service charges recorded on company books in
December
Bank service charges per December bank statement
Deposits credited by bank during December
November bank service charges recorded on company
books in December
The cash receipts book of December is underfooted by P2,500
The bank erroneously charged the companys account for a P3,750 check of another depositor.
This bank error was corrected in January 2016.
1.) How much is the deposit in transit on December 31, 2015?
A. P5,000
B. P20,000
C. P22,500
D. P17,500
2.) The total unrecorded bank service charges as of December 31, 2015
A. P750
B. P2,250
C. P1,750
D. P4,250
3.) What is the total book receipts in December?
A. P150,000
B. P152,000
C. P155,000
D. P147,500
4.) What is the total amount of company checks issued in December?
A. P130,000
B. P123,000
C. P133,750
D. P126,250
5.) What is the total book disbursements in December?
A. P123,750

P16,250
12,500
12,500
37,500
152,500
130,000
2,500
3,250
145,000
1,500

B. P128,500
C. P126,250
D. P128,750
6.) What is the book balance on November 30, 2015?
A. P16,250
B. P21,250
C. P37,500
D. P35,000
7.) What is the bank balance on November 30, 2015?
A. P23,000
B. P18,500
C. P43,500
D. P16,250
8.) What is the total bank receipts in December?
A. P120,000
B. P140,000
C. P145,000
D. P150,000
9.) What is the total bank disbursements in December?
A. P154,500
B. P132,500
C. P129,500
D. P137,000
10.)
What is the bank balance on December 31, 2015?
A. P21,500
B. P26,500
C. P31,000
D. P33,250