Exercise 7-10 The cash records of Oriole Company show the following For July: 1. The June 30 bank reconciliation indicated that deposits in transit total $690. During July, the general ledger account Cash shows deposits of $17,970, but the bank statement indicates that only $15,770 in deposits were received during the month. 2. The June 30 bank recondiliation also reported outstanding checks of $930. During the month of July, Oriole Company books show that $19,160 of checks were issued, yet the bank statement showed that $16,800 of checks deared the bank in July For September: 3. In September, deposits per bank statement totaled $26,750, deposits per books were $26,340, and deposits in transit at September 30 were $2,810. 4. In September, cash disbursements per books were $23,030, checks dearing the bank were $24,370, and outstanding chedks at September 30 were $2,440. There were no bank debit or credit memoranda, and no errors were made by either the bank or Oriole Company. Answer the following questions (a) In situation 1, what were the deposits in transit at July 317 The deposits in transit at buly 31 (b) In situation 2, what were the outstanding checks at July 317 The outstanding checks at Juy 31s