The August, current year, bank statement tor Allison Company and the August, current year, ledger account for cash follow: $2.400 interest collected. tBank service charge. Outstanding checks at the end of July were for $360,$505, and $355. No deposits were in transit at the end of July. Required: 1. Compute the deposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash ledger account