Item 1: The bank statement for August 2014 shows an ending balance of Php3,490.
Item 2: On August 31, the bank statement shows charges of Php35 for the service charge for maintaining the checking account.
Item 3: On August 28, the bank statement shows a return item of Php100 plus a related bank fee of Php10. The return item is a customer's check that was returned because of insufficient funds.
Item 4: The bank statement shows a charge of Php80 for check printing on August 20.
Item 5: The bank statement shows that Php8 was added to the checking account on August 31 for interest earned by the company during the month of August.
Item 6: The bank statement shows that a note receivable of Php1,000 was collected by the bank on August 29 and was deposited into the company's account. On the same day, the bank withdrew Php40 from the company's account as a fee for collecting the note receivable.
Item 7: The company's Cash account at the end of August shows a balance of Php967.
Item 8: During the month of August the company wrote checks totaling more than Php50,000. As of August 31, Php3,021 of the checks written in August had not yet cleared the bank and Php200 of checks written in June had not yet cleared the bank.
Item 9: The Php 1,450 of cash received by the company on August 31 was recorded on the company's books as of August 31. However, the Php1,450 of cash receipts was deposited at the bank on the morning of September 1.
Item 10: On August 29, the company's Cash account shows cash sales of P145. The bank statement shows the amount deposited was really, P154. The company reviewed the transactions and found that Php154 was the correct amount.
