Burkle Corporation's March 31 bank reconcillation shows deposits in transit of $700. The general ledger Cash in
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Burkle Corporation's March 31 bank reconcillation shows deposits in transit of $700. The general ledger Cash in Bank account shows total cash receipts during April of $41,000. The April bank statement shows totoal cash deposits of $37,000 (including a $1,000 from the collection of a note; the note collection has not yet been recorded by Fremont). What amount of deposits in transit should appear in the April 30 bank reconciliation?
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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