Final answer:
The amount reported as outstanding checks on November 30 is P275,000.
Step-by-step explanation:
In order to determine the amount reported as outstanding checks on November 30, we need to consider the checks and charges recorded by the bank in November and the checks that cleared in November.
The checks and charges recorded by the bank in November include a November service charge of P5,000 and an NSF (non-sufficient funds) check of P20,000. These amounts need to be subtracted from the total credits to cash in all journals during November (P620,000).
The service charge made by the bank in October and recorded by the depositor in November (P10,000) should also be subtracted.
Finally, we need to consider the outstanding checks on October 31 that cleared in November (P230,000).
By subtracting all of these amounts, we find that the amount reported as outstanding checks on November 30 is P275,000.