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What is the total deposit in transit for november

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Reference no: EM132544804

The following information was included in the bank reconciliation of GCQ Company on December 31, 2020:

Total recorded company receipts for December                                                  P850,000

Credit memo for November recorded in December                                                  60,000

Credit memo for December not yet recorded                                                        80,000

Erroneous receipt by the company during December,

no correction was made until the following year                                                 50,000

Erroneous bank disbursement in December corrected by bank in December               18,000

Total receipts per bank in December                                                               900,000

Deposit in transit - 12/31/2020                                                                     100,000

Book receipt for P90,000 in December recorded by the company as                          9,000

Question 1: What is the total deposit in transit for November 30, 2020?

Reference no: EM132544804

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