safer to stay in Protected View Enable Editing Modulo 5. Chapter 5 Handout Fraud, Internal Control and Cash E5.11 The cash records of Upton Company show the following For July 1. The June 30 bank reconciliation indicated that deposits in transit total 5580 During July, the Cash account shows deposits of $16,900, but the bank statement indicates that only $15,600 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of $940. During the month of July, Upton Company books show that 17.500 of checks were issued, yet the bank statement showed that $16,400 of checks cleared the bank in July For September 3. In September, deposits per bank statement totaled $25,900, deposits per books were $26.400, and deposits in transit at September 30 were 52,200.- 4. In September, check disbursements per books were $23,500, checks clearing the bank were $24,000, and outstanding checks at September 30 were 52.100.- There were no bank debitor credit memoranda, and no errors were made by either the bank or Upton Company Instructions: Answer the following questions 1. In situation 1, what were the deposits in transit at July 319- 2. In situation 2, what were the outstanding checks at July 312- ttttt 3. In situation 3, what were the deposits in transit at August 312 4. In situation 4, what were the outstanding checks at August 319