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Time left 0 : 2 8 : 0 7 Corporation operates a current account within a community financial institution. As of July 3 1 ,
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Corporation operates a current account within a community financial institution. As of July highlighted figures from both the ledger nce and the financial institution's statement are presented for examination.
Book:
Cash Balance per book Beginning Balance $
July Cash receipts $
July Cash Disbursements $
Bank:
Cash Balance per bank Beginning Balance $
July bank credits $
July bank debits $
Iysis of the bank data reveals that the credits consist of $ of July deposits and a credit memorandum of $ for collecting a note plus interest revenue of $ The July debits per bank consist of checks cleared of $ and a debit memorandum of $ for ting additional company checks. You also discover the following errors involving July checks:
A check for $ to a creditor on account that cleared the bank in July was journalized and posted as $
A salary check to an employee for $ was recorded by the bank for $
June bank reconciliation contained only two reconciling items: deposits in transit of $ and outstanding checks of $ ed on the above information answer the following questions, related to the July bank reconciliation:
Note:
writing your answers in the below boxes, make sure to type only the number without any dollar sign, otherwise the system will consider it incorrect.
What is the value of the deposit in transit as of July
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