Cash data related to Ron Company for the month of January of the current year are shown below. - balance per book, January 31, P3,130,000 - balance per bank statement, January 31, P3,500,000 - collections on January 31 but undeposited, P550,000 - NSF check received from a customer returned by the bank, P50,000 - checks outstanding on January 31, P650,000 - bank debit memo for safety deposit box rental, P5,000 - a creditor's check for P30,000 was incorrectly recorded in the depositor's book as P300,000 - a customer's check for P200,000 was recorded by the depositor as P20,000 - the depositor neglected to make an entry in its books for a check drawn in payment of an account payable, P125,000 What is the adjusted cash in bank on January 31?
Cash data related to Ron Company for the month of January of the current year are shown below.
- balance per book, January 31, P3,130,000
- balance per bank statement, January 31, P3,500,000
- collections on January 31 but undeposited, P550,000
- NSF check received from a customer returned by the bank, P50,000
- checks outstanding on January 31, P650,000
- bank debit memo for safety deposit box rental, P5,000
- a creditor's check for P30,000 was incorrectly recorded in the depositor's book as P300,000
- a customer's check for P200,000 was recorded by the depositor as P20,000
- the depositor neglected to make an entry in its books for a check drawn in payment of an account payable, P125,000
What is the adjusted cash in bank on January 31?
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