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For the months of January and February, Wildhorse Ltd. recorded cash deposits in its books of $4,800 and $5,600, respectively. For the same two months,
For the months of January and February, Wildhorse Ltd. recorded cash deposits in its books of $4,800 and $5,600, respectively. For the same two months, the bank reported deposits totaling $4,400 and $5,000, respectively. Assuming that there were no deposits in transit at the beginning of January, what was the amount of deposits in transit at the end of January and at the end of February?
Deposit in transit for January and February
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