Mary Duval has just received the bank statement and realized that this month like in every other month she would need to perform a bank reconciliation for the company she works for. Repeating the procedure set by the controller she gathered the relevant data and organized it as follows: Jan 31st Balance per Bank $ 7,000 add: Deposits in Transit $ 1,540 deduct: Outstanding Cheques $ (1,925) Balance per Books $ 6,615 Feb 28th Month of July data per bank per books Balance Feb 28th $ 8,565 $ 10,035 Deposits $ 5,000 $ 5,910 Cheques 4,100 $ 3,200 Note collected 900 Bank service charge 15 NSF cheque 250 680 Auto withdrawals B 1) The dollar amount of deposits in transit at February 28th is: a) 5,910 b) 5,000 c) 3,460 d) 2,450 e) None of the above Answer d