The cash records of the Cullumber Company show the following: 1. 2 The July 31 bank reconciliation indicated that deposits in transit totaled $460. During August the general ledger account. Cash shows deposits of $12,600, but the bank statement indicates that only $9.570 in deposits were received during the month. The July 31 bank reconciliation also reported outstanding checks of $970. During the month of August, the Cullumber Company books show that $13,600 of checks were issued, yet the bank statement showed that $13,200 of checks cleared the bank in August. There were no bank debit or credit memoranda and no errors were made by either the bank or the Cullumber Company. (a) What were the deposits in transit at August 31? Deposits in transit at August 31 $ eTexthook and Media