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What amount of deposits in transit would appear

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Question - Torres Company's August 31 bank reconciliation shows deposits in transit of $1,180. The Cash account in the general ledger shows September cash receipts of $37,800. The September bank statement shows deposits of $19,600.

Required - What amount of deposits in transit would appear in the September 30 bank reconciliation?

Note: Assume that all deposits in transit from the previous month have cleared the bank by the end of the current month.

Reference no: EM132621847

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