Neco Model Questions Vol1 2018 Financial Accounting Question 20

The cash book of DEF Ltd for June shows the following entries (all amounts in \(\text{₦}\)):\n\nOpening cash balance (1 June): 50,000\nCash receipts: cash sales 120,000; bank loan received 30,000\nCash payments: rent 25,000; utilities 10,000; inventory purchases 40,000\nBank column deposits: cash sales deposited 100,000; loan deposited 30,000\nBank column cheque payments: rent cheque 20,000; utilities cheque 10,000; inventory cheque 35,000\n\nThe bank statement at 30 June shows a closing balance of 85,000. Outstanding checks total \(\text{₦}5,000\) (part of the rent cheque) and deposits in transit amount to \(\text{₦}20,000\) (the remainder of cash‑sales deposit). What is the corrected total cash‑book balance (cash on hand plus true bank balance) at 30 June?