In relation to your audit of the financial statements of the Rocky Mountain High for the fiscal year ended November 30,

[answerhappygod]

In relation to your audit of the financial statements of the
Rocky Mountain High for the fiscal year ended November 30, 2022,
you decided to prepare a cutoff bank reconciliation as of December
6, 2022. The cash book contained the following:
Dec. 1 balance

P 921,500
Receipts

Checks Drawn
Dec 3


85,800

P 308,000
4


134,600


84,400
5.


186,200


62,000
6


102,000


105,000
The bank statement dated at the close of business on December 6,
2022 showed:
Balance, November 30, 2022
P888,800
Deposits

555,500
Checks and other charges
666,600
The bank checks and other charges include a P200,000 charge made
by the bank on December 4, 2022 plus interest of P28,000 as payment
of bank loan and all checks issued prior to December 5, except
checks for P30,000 and P40,000 dated December 3 and 4,
respectively.
The daily cash receipts were deposited in the first banking hour
of the following day.
All disbursements were made by checks except that a payment of
P12,000 representing advances to a hotel for Christmas launching of
a new product was made out of undeposited collections in the
afternoon of December 6.
Required:
Adjusted cash in bank balance as of November 30