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Deposits in transit 1) have been recorded on the company's books but not yet by the bank. 2) have been recorded by the bank but

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Deposits in transit 1) have been recorded on the company's books but not yet by the bank. 2) have been recorded by the bank but not yet by the company. 3) have not been recorded by the bank or the company. 4) are customers' checks that have not yet been received by the company

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