Calculate the amount of the deposit in transit

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Reference no: EM13216163

At June 30, 2004, the cash account in the general ledger of XYZ Company shows a balance of $16,200. The June 30 bank statement; however, shows a balance of $19,025. The only reconciling items consist of:
• Bank service charges of $12
• Outstanding checks totaling $4,800
• NSF check from customer in the amount of $228
• Error in recording check #970 written by XYZ Company to pay for utilities; the check was written for $458 but was recorded in XYZ Company's accounting records as having been written for $588
• A deposit in transit
Calculate the amount of the deposit in transit.

Reference no: EM13216163

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Calculate the amount of the deposit in transit : At June 30, 2004, the cash account in the general ledger of XYZ Company shows a balance of $16,200. The June 30 bank statement; however, shows a balance of $19,025. The only reconciling items consist of Bank service charges of $12 Outstanding chec..

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