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Windsor, Inc's bank statement from Main Street Bank at August 31,2025, gives the following information. A summary of the Cash account in the ledger for

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Windsor, Inc's bank statement from Main Street Bank at August 31,2025, gives the following information. 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 iterns on the July 31 bank reconcillation were a deposit in transit for $4,840 and outstanding checks of $4,540. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. (a) Determine deposits in transit. Deposits in transit 5

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