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The following information was included in the bank reconciliation for Reason Co
The following information was included in the bank reconciliation for Reason Co. for July:
Checks & charges recorded by bank in July, including a July service charge of P2,800 1,232,600
Service charge made by bank in June and recorded in books in July 1,200
Total credits to cash in all journals in July 1,222,000
Customer's NSF check returned as a bank charge in July (no entry Made in books) 6,000
Customer's NSF check returned in June, recorded by the company in July 15,000
Outstanding checks in July 31 300,000
Checks issued in July for P20,000 recorded by the company as 2,000
Erroneous bank charge in July 20,000
Erroneous bank credit in June corrected in July 30,000
Erroneous book receipt in June corrected in July 5,000
Assume all other reconciling items are listed above, what were the total outstanding checks at the end of June?
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