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Diaz Company's April 30 bank reconciliation shows deposits in transit of $990. The Cash account in the general ledger shows April cash receipts of $18,000.
Diaz Company's April 30 bank reconciliation shows deposits in transit of $990. The Cash account in the general ledger shows April cash receipts of $18,000. The April bank statement shows deposits of $18,300. Required: What amount of deposits in transit appeared in the March 31 bank reconciliation? Note: Assume that all deposits in transit from the previous month have cleared the bank by the end of the current month. Deposits in Transit: 5 D x . '3
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