a customer on account, and (2) no interest had been accrued on the note. it E8-13 The cash records of Dawes Company show the following four situations. r1. The June 30 bank reconciliation indicated that deposits in transit total $920. During July, the general ledger account Cash shows deposits of $15,750, but the bank state ment indicates that only $15,600 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of $680. During e month of July, Dawes Company's books show that $17,200 of checks were issued. The bank statement showed that $16,400 of checks cleared the bank in July. In September, deposits per the bank statement totaled $26,700, deposits per books were $26,400, and deposits in transit at September 30 were $2,100 In September, cash disbursements per books were $23,700, checks clearing the bank were $25,000, and outstanding checks at September 30 were $2,100. There were no bank debit or credit memoranda. No errors were made by either the bank or Dawes Company Instructions Answer the following questions. (a) In situation (1), what were the deposits in transit at July 31? (b) In situation (2), what were the outstanding checks at July 31? (c) In situation (3), what were the deposits in transit at August 31? (d) In situation (4), what were the outstanding checks at August 31? ny has recarded the following items in its financial records