Information pertaining to 76ers Company appears below: Balance per ledger, July 31 P 650,000 Balance per bank statement July 31 1,240,000 Deposit in transit 280,000 Debit memo - service charges 10,000...

Information pertaining to 76ers Company appears below:<br>Balance per ledger, July 31<br>P 650,000<br>Balance per bank statement July 31<br>1,240,000<br>Deposit in transit<br>280,000<br>Debit memo - service charges<br>10,000<br>Credit memo - collection of note receivable by bank for 76ers<br>300,000<br>Outstanding checks<br>Check for purchase of supplies was drawn for P60,000 but was recorded as P90,000.<br>What is the amount of outstanding checks on July 31?<br>

Extracted text: Information pertaining to 76ers Company appears below: Balance per ledger, July 31 P 650,000 Balance per bank statement July 31 1,240,000 Deposit in transit 280,000 Debit memo - service charges 10,000 Credit memo - collection of note receivable by bank for 76ers 300,000 Outstanding checks Check for purchase of supplies was drawn for P60,000 but was recorded as P90,000. What is the amount of outstanding checks on July 31?

Jun 11, 2022

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Information pertaining to 76ers Company appears below: Balance per ledger, July 31 P 650,000 Balance per bank statement July 31 1,240,000 Deposit in transit 280,000 Debit memo - service charges 10,000...

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