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PROBLEM B GINA Company is preparing its March 31 bank reconciliation. The following data are available for the month of March: Per Bank Per Book
PROBLEM B GINA Company is preparing its March 31 bank reconciliation. The following data are available for the month of March: Per Bank Per Book Balance, March 1 7,414 7,194 March deposits reflected 4,760 4,900 March checks reflected 6,170 6,100 Note collected (including P20 interest) 2,020 Service charges 12 Balance, March 31 8,012 5,994 Additional information: A. March checks reflected by the bank has erroneously includes a check drawn by Gino Inc. for P150. B. From the February 28 bank reconciliation: Deposit in transit amounted to P170; and outstanding check was P390. Required: 4. Compute for the deposit in transit on March 31. 5. Compute for the outstanding checks on March 31
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