Deposits in transit: The June 30 bank reconcillation indicated that deposits in transit total $2.120. During July, the general ledger account Cash shows deposits of $15,700, but the bank statement indicates that $16,820 in deposits were received during the month. 2. In August deposits per bankstatement totalled $23,850 and deposits per books were $24,300. Outstanding cheques: 1. The June 30 bankreconcillation reported outstanding cheques of $590. During fuly the Cullumber books showed that $19,240 of cheques were issued. The bank statement showed that $18,180 of cheques cleared the bank in Julyc 2. In Ausust, cheques issued were $24,010 and cheques clearing the bank were $24,930. (a) What were the deposits in transit at July 31 and at August 31 ? eTextbook and Media Attemptstunilimited (b) The parts of this quetion must be completed in order. This part will be avallable when you complete the part above