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The Cash account in the records of Clear Windows shows a balance of $13,661 at September 30. The bank statement, however, shows a balance of
The Cash account in the records of Clear Windows shows a balance of $13,661 at September 30. The bank statement, however, shows a balance of $16,853 at the same date. The only reconciling items consist of a bank service charge of $21, a large number of outstanding checks totaling $4,320, and a deposit in transit.
What is the amount of the deposits in transit?
Multiple Choice
$1,128.
$12,533.
$9,341.
$1,107.
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