Question 1 of 5 > - / 15 The cash records of Bridgeport Company show the following. For July: 1. The June 30 bank reconciliation indicated that deposits in transit total $736. During July, the general ledger account Cash shows deposits of $16,570, but the bank statement indicates that only $15,710 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of $681. During the month of July, Bridgeport Company's books show that $18,060 of checks were issued, yet the bank statement shows that $16,940 of checks cleared the bank in July. For September: 3. In September, deposits per the bank statement totaled $26,230, deposits per the books were $27,260, and deposits in transit at September 30 were $2,380. 4. In September, cash disbursements per the books were $23,820, checks clearing the bank were $25,400, and outstanding checks at September 30 were $2,490. There were no bank debit or credit memoranda, and no errors were made by either the bank or Bridgeport Company. Answer the following questions. (a) In situation (1), what were the deposits in transit at July 31? Descita Question 1 of 5