The cash records of Crane Inc. show the following situations: Deposits in transit: 1. The June 30 bank reconciliation indicated that deposits in transit total $2,520. During July, the general ledger account Cash shows deposits of $18,700, but the bank statement indicates that $20,020 in deposits were received during the month. 2. In August, deposits per bank statement totalled $28,350 and deposits per books were $28,900. Outstanding cheques: 1. The June 30 bank reconciliation reported outstanding cheques of $690. During July, the Crane books showed that $22,840 of cheques were issued. The bank statement showed that $21,580 of cheques cleared the bank in July. 2. In August, cheques issued were $28,510 and cheques clearing the bank were $29,630. (a) What were the deposits in transit at July 31 and at August 31? July 31 August 31 Deposit in transit