30. How much is the deposit in transit in March 31?

Long Champ Company is preparing its March 31 bank reconciliation. The following data are available: March data Per bank Per books Balance, February 28 P741.400 P719,400 March deposits reflected 476,D00* 490,000 March checks reflected (617,000)*# (610,000) Note collected (including P2,000 202,000 Interest) Service charge (1,200) Balance, March 31 801,200 599.400 From the February 28 bank reconciliation: Deposits in transit, P17,000 Outstanding checks, P39,000 *Erroneously includes a deposit of P25,000 by Lone Champ Corporation. *#Erroneously includes a check drawn by Lone Champ Company for P15,000. The deposit in transit at March 31 is a. P56,000. b. P31,000. C. P14,000. d. P 3,000