The following items were developed from the bank statement area as of 30 Sept:

Deposits in Transit: 15 Sept $200

23 Sept $150

$350

Checks outstanding: 28 Sept # 247 - $575

# 285 - $125

$700

Given the needed journal entry checks outstanding for 30 Sept given the above data.

Group of answer choices

30 Sept Dr Expenses, Cr Cash $700

30 Sept Dr Expenses $700, Cr Cash $575, Cr Cash $125

30 Sept Dr Expenses $575, Dr Expenses $125, Cr Cash $700

30 Sept 2 entries needed, Dr Expenses, Cr Cash $575, Dr Expenses, Cr Cash $125

30 Sept no entry is needed