The trial balance as of December 31, 2020 of Pets for Your Home has a Cash in bank balance of P120,000. The company received the bank statement for December. Deposit in transit at year-end is P30,000 and outstanding checks totaled P25,000. The bank statement showed a balance of P140,000. The bank erroneously credited P10,000 to the account of Pets. The bank collected notes P15,000 for the account of Pets. This was added to the account of Pets. What is the correct Cash in Bank balance of the company at year-end?

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