The cash records of Sunland Inc. show the following situations: Deposits in transit: 1. The June 30 bank reconciliation indicated that deposits in transit total $1,880. During July, the general ledger account Cash shows deposits of $13,900, but the bank statement indicates that $14,900 in deposits were received during the month. 2. In August, deposits per bank statement totalled $21,150 and deposits per books were $21,540. Outstanding cheques: 1. The June 30 bank reconciliation reported outstanding cheques of $530. During July, the Sunland books showed that $17,080 of cheques were issued. The bank statement showed that $16,140 of cheques cleared the bank in July. 2. In August, cheques issued were $21,310 and cheques clearing the bank were $22,110. What were the deposits in transit at July 31 and at August 31? July 31 August 31 Deposit in transit $ 880 e Textbook and Media Save for Later Last saved 5 minutes ago Saved work will be auto-submitted on the due date. Attempts: unlimited Submit Answer (b)