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please explane the answer The cash records of Blue Ceramics show the following four situations. A For July V A 1. A The June 30
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The cash records of Blue Ceramics show the following four situations. A For July V A 1. A The June 30 bank reconciliation indicated that deposits in transit total 771. During July, the general ledger account Cash shows deposits of 15,800, but the bank statement indicates that only 15.650 in deposits were received during the month. The June 30 bank reconciliation also reported outstanding checks of 686. During the month of July, Blue's books show that 17,360 of checks were issued. The bank statement showed that 17.120 of checks cleared the bank in July 2 C A For September 3 In September, deposits per the bank statement totaled 26,770, deposits per books were 25,830, and deposits in transit at September 30 were 2,840, In September, cash disbursements per books were 24,430, checks clearing the bank were 25,200, and outstanding checks at September 30 were 2.110. 4 There were no bank debitor credit memoranda. No errors were made by either the bank or Blue Ceramics. (a) In situation (1), what were the deposits in transit at July 312 Deposits in transit at July 31 There were no bank debitor credit memoranda. No errors were made by either the bank or Blue Ceramics. (a) In situation (1), what were the deposits in transit at July 312 Deposits in transit at July 31 (b) In situation (2), what were the outstanding checks at July 312 Outstanding checks at July 31 (c) In situation (3), what were the deposits in transit at August 31? Deposits in transitat August 31 (d) In situation (4), what were the outstanding checks at August 31? Outstanding checks at August 31 Step by Step Solution
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