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What was total of outstanding checks at beginning of june

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Question: The following information was included in the bank reconciliation for Ryan, Inc. for June. Assume all other reconciling items are listed.

Checks and charges recorded by bank in June, including a June service charge of P600 P344,200

Service Charge made by bank in May and recorded in the books in June P400

Total of credits to Cash in all journals during June P396,040

Customer's NSF check returned as a  bank charge in June (no entry made on books) P2,000

Customer's NSF check returned in May and redeposited in June (no entry made on books in either May or June) P5,000

Outstanding checks at June 30 P265,200

Deposits in transit at June 30 P12,000

What was the total of outstanding checks at the beginning of June?

Reference no: EM132779942

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