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Fremont Corporation's March 31 bank reconciliation shows deposits in transit of $1,100. The general ledger Cash in Bank account shows total cash receipts during April
Fremont Corporation's March 31 bank reconciliation shows deposits in transit of $1,100.
The general ledger Cash in Bank account shows total cash receipts during April of $38,300.
The April bank statement shows total cash deposits of $37,400 (including $1,600 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?
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