Reconciliation of Violet Company s bank account at May 31 is: Balance per bank statement 2,100,000 Deposits in transit Checks outstanding Correct cash balance Balance per book Bank service charge Correct cash balance June data are as follows: 300,000 (30,000) 2,370,000 2,372,000 (2,000) 2,370,000 June data are as follows: Bank Total credits Total debits Collection by bank (P400,000 Note plus interest) NSF check Balance Books Deposits recorded Checks recorded Balance 1,800,000 2,360,000 1,810,000 P1,620,000 2,300,000 420,000 10,000 1,420,000 Books Deposits recorded Checks recorded Balance PO O P480,000 The deposits in transit on June 30 amount to P120,000 1,800,000 O P900,000 2,360,000 1,810.000