The cash account in the ledger of Tristan company shows a balance of 1,652,000 at Sept. 30. The bank statement, however shows a balance of 2,090,000 at the same date. The only reconciling items consist of a bank service charge of 2,000, a large number of outstanding checks totaling 590,000 and a deposit in transit.
What is the deposit in transit in the Sept. 30 bank reconciliation?
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