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The June 3 0 bank reconciliation indicated that deposits in transit total $ 7 3 0 . During July, the general ledger account Cash shows
The June bank reconciliation indicated that deposits in transit total $ During July, the general ledger
account Cash shows deposits of $ but the bank statement indicates that only $ in deposits were
received during the month.
The June bank reconciliation also reported outstanding checks of $ During the month of July, Crane
Company books show that $ of checks were issued, yet the bank statement showed that $ of
checks cleared the bank in July.
For September:
In September, deposits per bank statement totaled $ deposits per books were $ and deposits in
transit at September were $
In September, cash disbursements per books were $ checks clearing the bank were $ and
outstanding checks at September were $
There were no bank debit or credit memoranda, and no errors were made by either the bank or Crane Company.
Answer the following questions.
a In situation what were the deposits in transit at July
The deposits in transit at July $
b In situation what were the outstanding checks at July
The outstanding checks at July
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