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