Burkle Corporation's March 31 bank reconcillation shows deposits in transit of $700. The general ledger Cash in Bank account shows total cash receipts during April of $41,000. The April bank statement shows totoal cash deposits of $37,000 (including a $1,000 from the collection of a note; the note collection has not yet been recorded by Fremont). What amount of deposits in transit should appear in the April 30 bank reconciliation?