Question 6 Your answer is incorrect. Try again The cash records of Oriole Company show the following four situations 1. Tha June 30 bank reconciliation indicated that deposits in transit total $721. During July, the general ledger account Cash shows deposits of $16,190, but the bank statement indicates that only $15,640 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding chacks of $701. During the month of July, Oriole Company's books show that $18.100 of checks were issued. The bank statement shovied that $17,350 of checks cleared the bank in July. 3. In September, deposits per the bank statement totaled $27.050, deposits per books were $25,740, and deposits in transit at September 30 were $2.400. 4. In Saptamber, cash disbursaments per books ware $24,140, checks clearing the bank ware $25,300, and outstanding checks at Soptember 30 were $2,230. Thera were no bank debit or cradit memoranda. No errors wera made by either the bank or Oriole Company Answer the following questions (a) In situation(1), what were the deposits in transit at July 31? Deposits in transit at July 31 721 (b) In situation (2). what were the outstanding checks at July 31? Outstanding checks at July 31 701 (c) In situation (3), what were the deposits in transit at August 31? Deposits in transit at August 31 (d) In situation (4). what were the outstanding checks at August 31? Outstanding checks at August 31