The following information was obtained in connection with the audit of Jean Company's cash account as of December 31, 2019:

Outstanding checks, November 30, 2019 P16,250 Outstanding checks, December 31, 2019 12,500 Deposit in transit, November 30, 2019 12,500 Cash balance per general ledger, December 31, 2019 37,500 Actual company collections from its customers during December 152,500 Company checks paid by bank in December 130,000 Bank service charges recorded on the company books in December 2,500 Bank service charges per December bank statement 3,250 Deposits credited by bank during December 145,000 November bank service charges recorded on company books in December 1,500 The cash receipts book of December is underfooted by P2,500.

The bank erroneously charged the company's account for a P3,750 check of another depositor. This bank error was corrected in January 2020.

Question:

How much is the deposit in transit on December 31, 2019?