This information relates to the Cash account in the ledger of Howard Company. The September bank statement shows a balance of $16,500 at September 30 and the following memoranda. At September 30 , deposits in transit were $4,738 and outstanding checks totaled $2,383. This information relates to the Cash account in the ledger of Howard Company. The September bank statement shows a balance of $16,500 at September 30 and the following memoranda. At September 30 , deposits in transit were $4,738 and outstanding checks totaled $2,383