The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow: t Bank service charge. Outstanding checks at the end of July were for $270,$430, and $320. No deposits were in transit at the end of Jaly. Outstanding checks at the end of July were for $270,$430, and $320. No deposits were in transit at the end of July. Required: 1. Compute the deposits In transit at the end of August by compering the deposits on the bank statement to the deposits listed on the cash ledger account