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The following information is taken from the cash records of Martinez Delivery Services: 1 2 3 4 The June cash receipts journal recorded $98,820 of
The following information is taken from the cash records of Martinez Delivery Services: 1 2 3 4 The June cash receipts journal recorded $98,820 of deposits made in June. The June bank statement showed total credits (deposits) of $94,300 in June. At May 31, the bank reconciliation showed deposits in transit of $3,510. The June bank statement shows an ending balance of $25,516, At May 31, the bank reconciliation showed outstanding cheques of $14,380. The June general ledger, after all adjusting entries have been made, show total cheques of $103,222. The June bank statement shows total cheques cleared of $104,350. 5 6 7 (a) Your answer is incorrect. Calculate the amount of deposits in transit at June 30. Deposits in transit, June 30 $
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