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What was the amount of deposits in transit at the end of jan

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Problem 1: For the months of January and February, Monde Ltd. recorded cash deposits in its books of $5,000 and $5,600, respectively. For the same two months, the bank reported deposits totalling $4,000 and $4,600, respectively. Assuming that there were no deposits in transit at the beginning of January, what was the amount of deposits in transit at the end of January and at the end of February?

Reference no: EM132814909

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