* nformation', compute the correct cash balance. Given the following i Balance per bank ' =F_22,907.50 Balance per book 21,336.00 Deposits in transit - _ 1,814.00 , . ' 3,470.50 _ Outstanding checks A check for ?4.50 was recorded in the books as ?540. A debit memo for the check book amounted to 'F 175. ' Correct cash balance: #:Lh 153 '00 ed a current account with Ocean B Poseidon Trading open of =P'498,500. On May 31, the bank statement showed a May made by Poseidon Trading per cash receipts book is the same month amount to 1'99,000. Per bank Statement, December totaled ?'150,000_ and checks paid by Traders Bank for the sam 'F72,000. Bank service charge for the month is 'F1,500. ank on May 5 with. an initial deposit balance of 1"575,000. Deposits for 1'17 5,000 and checks issued for total 'depoSits for the month of e month totaled Required: 1. Deposit in transit: l 2. Outstanding check: 3. Correct cash balance for December 31