What the amount of deposits in transit at july is

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Reference no: EM132727187

Information in relation to Ally Company's bank reconciliation for July

Deposits made by Ally Company in July P 900,000

Deposits recoded by bank in July 1,100,000

Deposit in transit, June 30 280,000

Credit memo - loan proceeds in June 120,000

Credit memo - loan proceeds in July 50,000

Problem 1: The amount of deposits in transit at July 30 is

Reference no: EM132727187

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