3 1105 hits Apped Book Required information [The following information applies to the questions displayed below The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow BANK STATEMENT Checks and Date EFTS Deposits Balance Aug. 1 $18,010 25 375 17,635 3 $12, 100 29,735 4 470 29,265 5 360 28,905 9 850 28,055 10 175 EFT 27,880 15 4,850 32,730 21 310 32,420 24 $20,300 12, 120 25 6,700 18,820 30 750 EFT 18,070 30 3,000 21,070 31 140 + 20,930 Print 0 eference "$3,000 Interest collected Bank service charge. Cash (A) Checks written and Aug. 1 Balance 16,805 electronic funds transfers Deposits Aug. 2 EFT 175 Aug. 2 12,100 4 85e 12 4,850 15 230 24 6,700 17 460 31 5,900 18 EFT 750 20 310 23 28,388 Outstanding checks at the end of July were for $360, 5470, and $375. No deposits were in transit at the end of July Required: 1. Compute the deposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash lodger account Deposits in transit