Deposits in transit: 1. The June 30 bank reconciliation indicated that deposits in transit total $1,920. During July, the general ledger account Cash shows deposits of $14,200, but the bank statement indicates that $15,220 in deposits were received during the month. 2. In August, deposits per bank statement totalled $21,600 and deposits per books were $22,000. Outstanding cheques: 1. The June 30 bank reconciliation reported outstanding cheques of $540. During July, the Carla Vista books showed that $17,440 of cheques were issued. The bank statement showed that $16,480 of cheques cleared the bank in July. 2. In August, cheques issued were $21,760 and cheques clearing the bank were $22,580. (a) Your answer is incorrect. What were the deposits in transit at July 31 and at August 31