1. ABC Company provided the following information:

Balance per bank statement, May 31 1,300,000, Balance per book - May 41 1,405,000

Deposits outstanding 150,000: Bank service charge (5,000)

Checks outstanding (50,000)

Correct bank balance-May 31 1,400,000; Correct book balance 1,400,000

June data are as follows: Bank, Book

Checks recorded 1,100,000 1,250,000

Deposits recorded 800,000 900,000

Service charges recorded 25,000 -

Note collected by bank,

P 250,000 with interest 275,000

NSF checks returned

With June 30 statement 50,000

Balances 1,200,000 1,050,000

What is the amount of outstanding checks on June 30?

• 50,000
• 100,000
• Answer not given
• 150,000
• 200,000