4 of 5 071 Your answer is incorrect. The cash records of Sunland Company show the following four situations. For July: 1. The June 30 bank reconciliation indicated that deposits in transit total $771. During July, the general ledger account Cas shows deposits of $16,270, but the bank statement indicates that only $15,950 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of $681. During the month of July, Sunland Company's books show that $17.960 of checks were issued. The bank statement showed that $16,640 of checks cleared the bank in July. For September: 3. In September, deposits per the bank statement totaled $27.510, deposits per books were $26.410. and deposits in transit at September 30 were $2,340. 4. In September, cash disbursements per books were $24,080. checks clearing the bank were $25.200, and outstanding checks at September 30 were $2.480. There were no bank debit or credit memoranda. No errors were made by either the bank or Sunland Company. (a) In situation (1), what were the deposits in transit at July 312 (a) In situation (1), what were the deposits in transit at July 31? Deposits in transit at July 31 $ (b) In situation (2), what were the outstanding checks at July 31? Outstanding checks at July 31 $ (c) In situation (3). what were the deposits in transit at August 31? Deposits in transit at August 31 I (d) In situation (4), what were the outstanding checks at August 31? Outstanding checks at August 31 $