Riverbed Corp, deposits all recelpts intact and makes all payments by cheque. The following information is avalable from the cash records: Question $15$ of $16$ Unknown environment 'tabular'$($a$)$ Determine the amount of deposits in transit and outstanding cheques at May $31.$ Keep in mind the time lag between deposits and Determine the amount of deposits in transit and outstanding cheques at May $31.$ Keep in mind the time lag between deposits and cheques being recorded in the books and when they are recorded by the bank. Deposits in transit: May $31$ $$2430$Outstanding cheques, May $31$ $$1410$Attempts: $0$ of $1$ used B$.$ Prepare a May $31$ bank reconciliation showing balance per bank statement and balance per books and correct cash balance. $($List items that increase balance as per bank & books first.$)$Riverbed Corp.Bank ReconciliationMay $31$Balance per bank statement. May $31$ VAddLessVDeposits in transitOutstanding chequesCorrect cash balance, May $31$YVV$1,4108,7552,4309,775$$$Balance per books, May $31$AddVCollection of noteLeSSBank service chargeVNSF cheque$9,0501,090$S$40325$i$(365)$Correct cash balance, May $31$ Vi$9,775$