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The cash account and the December bank statement of Gomez Company showed the following: deposits made by Gomez Company during December $100,000; deposits reflected on
The cash account and the December bank statement of Gomez Company showed the following: deposits made by Gomez Company during December $100,000; deposits reflected on the December bank statement, $96,000; and deposits in transit on November 30, $7,000. How much were the deposits in transit at the end of December?
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