Question
For the months of January and February,MondeLtd. recorded cash deposits in its books of $5,000and $5,600, respectively. For the same two months, the bank reported
For the months of January and February,MondeLtd. recorded cash deposits in its books of $5,000and $5,600, respectively. For the same two months, the bank reported deposits totalling $4,000and $4,600, 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?
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Introduction To Financial Accounting
Authors: Charles T Horngren, John A Elliott
9th Edition
0131479725, 978-0131479722
