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Given the problem below, what will be the amount for the following items?30. The deposit in transit at March 31 is?a. 56,000b. 31,000c. 14,000d. 3,0031.

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Given the problem below, what will be the amount for the following items?30. The deposit in transit at March 31 is?a. 56,000b. 31,000c. 14,000d. 3,0031. What is the outstanding checks at March 31?a. 47,000b. 15,000c. 8,000d. 7,000

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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 476,000# 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

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