Poseidon Trading opened a current account of =P'498,500. On May 31, the bank statemen May made by Poseidon Trading per cash receipts boo the same month amount to 1'99,000. Per bank Statement, December totaled ?150,000 and checks paid by Traders Bank for ?72,000. Bank service charge for the month is 'F1,500. with Ocean Bank on May 5 with. an initial deposit t showed a balance of 1'57 5,000. Deposits for kis 1'17 5,000 and checks issued for total depoSits for the month of the same month totaled Required: 1. Deposit in transit: i 2. Outstanding check: 3. Correct cash balance for December 31