The cash records of Sheridan Inc. show the following situations: Deposits in transit: 1. The June 30 bank reconciliation indicated that deposits in transit total $ 1,840. During July, the general ledger account Cash shows deposits of $ 13,600, but the bank statement indicates that $ 14,580 in deposits were received during the month. 2. In August, deposits per bank statement totalled $ 20,700 and deposits per books were $ 21,080. Outstanding cheques: 1. The June 30 bank reconciliation reported outstanding cheques of $ 520. During July, the Sheridan books showed that $ 16,720 of cheques were issued. The bank statement showed that $ 15,800 of cheques cleared the bank in July. 2. In August, cheques issued were $ 20,860 and cheques clearing the bank were $ 21,640. (a) What were the deposits in transit at July 31 and at August 31? July 31 August 31 Deposit in transit $ enter a dollar amount $ enter a dollar amount