Question
Matson Companys bank statement as of August 31, shows total deposits into the companys account of $15,000 and a total of 14 separate deposits. On
Matson Companys bank statement as of August 31, shows total deposits into the companys account of $15,000 and a total of 14 separate deposits. On July 31, deposits of $410 and $330 were in transit. The total cash receipts for August were $19,000, and the companys records show 13 deposits made in August. What is the amount of deposits in transit at August 31?
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
