The bookkeeper for Crane Manufacturing Ltd. was trying to determine what items would be used in preparing the companys bank reconciliation that she is completing at May 31, 2021, the end of the companys first month of operations. The companys bank statement showed the following:

CRANEMANUFACTURING LTD. Bank Statement May 31
Date			Description		Amounts Deducted from Account (Debits)		Amounts Added to Account (Credits)		Balance
May	1		Deposit				31,500		31,500
	3		Cheque, No. 001		2,032				29,468
	5		Cheque, No. 002		8,993				20,475
	15		Deposit				5,859		26,334
	19		Cheque, No. 004		10,449				15,885
	21		Cheque, No. 006		1,256				14,629
	25		Returned chequeNSF, S. Gillis		1,701				12,928
	25		NSF fee		43				12,885
	27		Cheque, No. 009		2,689				10,196
	28		Cheque, No. 010		2,473				7,723
	31		Bank service charges		55				7,668

Cranes summary of cash receipts (which were all deposited) and summary of cheques (which were all mailed out to suppliers) for the month of May showed the following:

Cash Receipts					Cash Payments
Date			Amount		Date			Number		Amount
May	1		$31,500		May	2		001		$2,032
	15		5,859			3		002		8,993
	31		9,844			14		003		2,122
			$47,203			15		004		10,449
						18		005		449
						19		006		1,256
						22		007		2,693
						23		008		673
						25		009		2,689
						26		010		2,473
										$33,829

(a)

Review Cranes cash receipts summary and determine the amount of any deposits not recorded by the bank. These will be deposits in transit. (Hint: It can be useful to check off or cross out the deposits that appear on both the bank statement and the cash receipts summary because these will not be deposits in transit.)

Deposit in transit of May 31

$enter deposit in transit of May 31 in dollars