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The cash records of Crane Company show the following: 1. In February, deposits per the bank statement totaled $40,400; deposits per books $39,900; and deposits
The cash records of Crane Company show the following:
1. | In February, deposits per the bank statement totaled $40,400; deposits per books $39,900; and deposits in transit at February 28 were $4,900. | |
2. | In February cash disbursements per books were $37,100; checks clearing the bank were $41,500, and outstanding checks at February 28 were $3,100. |
There were no bank debit or credit memoranda and no errors were made by either the bank or CraneCompany.
What were the deposits in transit at January 31?
Deposits in transit at January 31 | $enter deposits in transit at January 31 in dollars |
What were the outstanding checks at January 31?
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