Qn April 30, the bank reconciliation of Crane Company shows a deposit in transit of...
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Qn April 30, the bank reconciliation of Crane Company shows a deposit in transit of $1,606. The May bank statement and the general ledger Cash account in May show the following: Additional information: 1. The bank did not make any errors in May. 2. EFT is an electronic online payment from a customer. (a) Calculate the deposits in transit at May 31. Deposits in transit at May 31
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Qn April 30, the bank reconciliation of Crane Company shows a deposit in transit of $1,606. The May bank statement and the general ledger Cash account in May show the following: Additional information: 1. The bank did not make any errors in May. 2. EFT is an electronic online payment from a customer. (a) Calculate the deposits in transit at May 31. Deposits in transit at May 31
