The cash account and the December bank statement of Gomez Company showed the following: deposits made by Gomez Company during December $90,000; deposits reflected on the December bank statement, $88,000; and deposits in transit on November 30, $5,000. How much were the deposits in transit at the end of December?
A) $10,000.
B) $7,000.
C) $5,000.
D) $2,000.
Correct Answer:
Verified
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