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I know how to find outstanding checks, and deductions. But how would I find deposits in transit? Additionaly, if there were additions on the book
I know how to find outstanding checks, and deductions. But how would I find deposits in transit? Additionaly, if there were additions on the book value can you tell me where I would probably find that? (there aren't any on this problem just tell me where I would find them.
BANK STATEMENT Deposits Date Checks Other * $ 50 NSF check $ 50 May 1 May 4 May 12 May 28 May 30 May 31 #2 #4 #5 #6 #8 $ 10 100 20 15 55 Balance $ 200 240 90 70 255 195 200 1000 Service charge 5 5 Cash (A) Debit Credit May 1 May 3 200 50 10 70 100 20 15 25 55 May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 May 29 May 30 May 31 200 150 305Step by Step Solution
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