The cash records of Griffey Company show the following:

1. The June 30 bank reconciliation indicated that deposits in transit totaled $390.

During July Cash shows deposits of $9,800, but the bank statement indicates that

only $9,540 in deposits were received during the month.

2. The June 30 bank reconciliation also reported outstanding checks of $800. During

the month of July, Griffey Company books show that $11,070 of checks were issued,

yet the bank statement showed that $11,500 of checks cleared the bank in July.

There were no bank debit or credit memoranda and no errors were made by either the

bank or Griffey Company.

Answer the following questions:

(a)

What were the deposits in transit at July 31?

(b)

What were the outstanding checks at July 31?

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