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Munsing Company's May 31 bank reconciliation shows deposits in transit of $2,300. The general ledger Cash in Bank account shows total cash receipts during June
Munsing Company's May 31 bank reconciliation shows deposits in transit of $2,300. The general ledger Cash in Bank account shows total cash receipts during June of $58,200. The June bank statement shows total cash deposits (and no credit memos) of $56,800. What amount of deposits in transit should appear in the June 30 bank reconciliation
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