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Windsor, Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. Balance, August 1$18,510Bank debit memorandum:August deposits71,110Safety deposit box fee$65Checks

Windsor, Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information.

Balance, August 1$18,510Bank debit memorandum:August deposits71,110Safety deposit box fee$65Checks cleared in August68,638Service charge90Bank credit memorandum:Balance, August 3120,912Interest earned85

A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,810; receipts $74,110; disbursements $73,530; and balance, August 31, $19,390. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,840and outstanding checks of $4,540. In addition, you determine that there was an error involving a company check drawn in August: A check for $400to a creditor on account that cleared the bank in August was journalized and posted for $40.

Determine deposits in transit.

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