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The following information is taken from the cash records of Novak Delivery Services: 1 2 3 4 The June cash receipts journal recorded $ 99,020
The following information is taken from the cash records of Novak Delivery Services: 1 2 3 4 The June cash receipts journal recorded $ 99,020 of deposits made in June. The June bank statement showed total credits (deposits) of $94,100 in June. At May 31, the bank reconciliation showed deposits in transit of $3,490. The June bank statement shows an ending balance of $25,716. At May 31, the bank reconciliation showed outstanding cheques of $14,580. The June general ledger, after all adjusting entries have been made, show total cheques of $ 103,12 The June bank statement shows total cheques cleared of $104,250. 5 6 7 Calculate the amount of deposits in transit at June 30, Deposits in transit, June 30 $
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