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Which of the following is an example of a deposit in transit? a. A deposit in the amount of $300 yet cleared the bank for
Which of the following is an example of a deposit in transit?
a. A deposit in the amount of $300 yet cleared the bank for $3,000
b. A deposit posted to the cash journal on October 30 but was received by the bank on November 2
c. A deposit received in December and taken to the bank in December
d. A deposit posted to a companys bank statement, yet the company has no record of it
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