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The cash records of Landis Company show the following situations. On June 30 bank reconciliation indicated that deposits in transit total $1,080. During July the
The cash records of Landis Company show the following situations. On June 30 bank reconciliation indicated that deposits in transit total $1,080. During July the general ledger account Cash shows deposits of $23,620, but the bank statement indicates that only $21,400 in deposits were received during the month. The cash records of Landis Company show the following four situations. There were no bank debit or credit memoranda. No errors were made by either the bank or Landis Company. Determine the deposits in transit at July 31
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