Question

The cash account and the December bank statement of Gomez Company showed the following: deposits made...

The cash account and the December bank statement of Gomez Company showed the following: deposits made by Gomez Company during December $91,000; deposits reflected on the December bank statement, $88,800; and deposits in transit on November 30, $5,200. What was the amount of deposits in transit at the end of December?

$2,200

$10,400

$5,200

$7,400

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Gomez Company Amount $
Deposits reflected on the December bank statement 88,800.00
Less: Deposits in transit on November      5,200.00
Deposits reflected on the December bank statement for the month of December 83,600.00
Actual deposits made by Gomez Company during December 91,000.00
The amount of deposits in transit at the end of December     7,400.00
So answer is $ 7,400.
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