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Sagot :
Answer:
A. $1,880
B. $2,040
C. $1,700
D. $1,600
Explanation:
A. Calculation to determine the deposits in transit at July 31
Deposit in transit at July 31 = $580 + $16,900 - $15,600
Deposit in transit at July 31 = $1,880
Therefore Deposit in transit at July 31 will be $1,880
B. Calculation to determine the outstanding checks at July 31
Outstanding check on July 31 = $940 + $17,500 - $16,400
Outstanding check on July 31 =$2,040
Therefore Outstanding check on July 31 wi be $2,040
C. Calculation to determine the deposits in transit at August 31
Deposit in transit on August 31 = $25,900 + $2,200 - $26,400
Deposits in transit at August 31= $1,700
Therefore Deposits in transit at August 31 will be $1,700
D. Calculation to determine the outstanding checks at August 31
Outstanding checks at August 31=$23,500+$2,100-$24,000
Outstanding checks at August 31=$1,600
Therefore Outstanding checks at August 31 will be $1,600
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