Mars Company provided the following information in relation to the bank account:
43.
Mars Company provided the following information in relation to the bank account:
Balance per bank statement on May 31 6,200,000
Balance per ledger, May 31 3,750,000
Deposit of May 30 not recorded by the bank 1,400,000
Debit Memo-Service Charges 50,000
Credit Memo-collection of notes by the bank for Mars 1,500,000
Outstanding checks ?
Check for the purchase of supplies was drawn for 300,000 but was recorded as 200,000.
The management wrote a check for traveling expenses of 500,000 while out of town. The check was not recorded.
What is the amount of outstanding check on July 31?
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