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The cash records of Crane Inc. show the following situations: Deposits in transit: The June 3 0 bank reconciliation indicated that deposits in transit total
The cash records of Crane Inc. show the following situations:
Deposits in transit:
The June bank reconciliation indicated that deposits in transit total $ During July, the general led account
shows deposits of $ but the bank statement indicates that $ in deposits were received during the month.
In August, deposits per bank statement totalled $ and deposits per books were $
Outstanding cheques:
The June bank reconciliation reported outstanding cheques of $ During July, the Crane books showed that $ of
cheques were issued. The bank statement showed that $ of cheques cleared the bank in July.
In August, cheques issued were $ and cheques clearing the bank were $
a
What were the deposits in transit at July and at August
Attempts: of used
b
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