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What is the total deposit in transit for November

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Question - 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

Required - What is the total deposit in transit for November 30, 2020?

Reference no: EM132562554

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