question 6 of 7 1. the july 31 bank reconciliation indicated that deposits in transit totaled $390. during…

question 6 of 7 1. the july 31 bank reconciliation indicated that deposits in transit totaled $390. during august, the cash account shows deposits of $11,800, but the bank statement indicates that only $9,540 in deposits were received during the month. 2. the july 31 bank reconciliation also reported outstanding checks of $850. during the month of august, the dillon company books show that $11,670 of checks were issued, yet the bank statement showed that $10,500 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 dillon company. answer the following questions: (a) what were the deposits in transit on august 31? deposits in transit on august 31 $

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