i$.$

Question $25$

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Marked out of $6\mathrm{.}00$

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Cash

The cash records of the Kilimanjaro Ltd show the following:

The $30$ June bank reconciliation indicated that deposits in transit totaled $$390.$ During July the general ledger account, Cash shows deposits of $$9,700,$ but the bank statement indicates that only $$9,540$ in deposits were received during the month.

The $30$ June bank reconciliation also reported outstanding EFTs of $$800.$ During the month of July, Kilimanjaro's books show that $$11,170$ of EFTs were issued, yet the bank statement showed that $$11,500$ of EFTs cleared the bank in July.

There were no bank debit or credit memoranda, and no errors were made by either the bank or Kilimanjaro Ltd$.$

Required:

i$.$ What were the outstanding deposits $($deposits in transit$)$ at $31$ July?

$(3$ Marks$)$

ii$.$ What were the outstanding EFTS at $31$ July?

$(3$ Marks$)$

$[$TOTAL: $6$ MARKS$]$