1. The cash receipts journal of Malaya Merchandising refie for the month of April 2019. Amount Official Receipt Official Receipt Customer Name Date No. 4,000 4171 Carl 5/2/2019 2,000 4172 Vince 5/8/2019 8,900 5/9/2019 4173 Ryan 7,800 5/25/2019 4174 Fatima 3,200 5/26/2019 4175 Cherry It is the policy of the company to deposit collection within the following day from the date of collection. The bank statement for April 2016 revealed following deposits made: Deposit Date 5/3/2019 Amount 4,000 2,000 8,900 7,800 3,200 5/9/2019 5/10/2019 5/26/2019 5/26/2019 Required: Compute for the deposit in transit or undeposited collection as of end of April 2019.
1. The cash receipts journal of Malaya Merchandising refie for the month of April 2019. Amount Official Receipt Official Receipt Customer Name Date No. 4,000 4171 Carl 5/2/2019 2,000 4172 Vince 5/8/2019 8,900 5/9/2019 4173 Ryan 7,800 5/25/2019 4174 Fatima 3,200 5/26/2019 4175 Cherry It is the policy of the company to deposit collection within the following day from the date of collection. The bank statement for April 2016 revealed following deposits made: Deposit Date 5/3/2019 Amount 4,000 2,000 8,900 7,800 3,200 5/9/2019 5/10/2019 5/26/2019 5/26/2019 Required: Compute for the deposit in transit or undeposited collection as of end of April 2019.
Chapter1: Financial Statements And Business Decisions
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