The cash records of Jasmin Company show the following four situations.
1. The June 30 bank reconciliation indicated that deposits in transit total $2110. During July the general ledger account Cash shows deposits of $23620 but the bank statement indicates that only $23400 in deposits were received during the month.
2. The June 30 bank reconciliation also reported outstanding checks of $1250. During the month of July Jasmin Company books show that $25800 of checks were issued. The bank statement showed that $24600 of checks cleared the bank in July.
3. In September deposits per the bank statement totaled $40100 deposits per books were $38100 and deposits in transit at September 30 were $2900.
4. In September cash disbursements per books were $36550 checks clearing the bank were $37500 and outstanding checks at September 30 were $3200.
There were no bank debit or credit memoranda. No errors were made by either the bank or Jasmin Company.
Instructions
Answer the following questions.
(a) In situation (1) what were the deposits in transit at July 31?
(b) In situation (2) what were the outstanding checks at July 31?
(c) In situation (3) what were the deposits in transit at August 31?
(d) In situation (4) what were the outstanding checks at August 31?

Question

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The Answer of The cash records of Jasmin Company show the following four situations.
1. The June 30 bank reconciliation indicated that deposits in transit total $2110. During July the general ledger account Cash shows deposits of $23620 but the bank statement indicates that only $23400 in deposits were received during the month.
2. The June 30 bank reconciliation also reported outstanding checks of $1250. During the month of July Jasmin Company books show that $25800 of checks were issued. The bank statement showed that $24600 of checks cleared the bank in July.
3. In September deposits per the bank statement totaled $40100 deposits per books were $38100 and deposits in transit at September 30 were $2900.
4. In September cash disbursements per books were $36550 checks clearing the bank were $37500 and outstanding checks at September 30 were $3200.
There were no bank debit or credit memoranda. No errors were made by either the bank or Jasmin Company.
Instructions
Answer the following questions.
(a) In situation (1) what were the deposits in transit at July 31?
(b) In situation (2) what were the outstanding checks at July 31?
(c) In situation (3) what were the deposits in transit at August 31?
(d) In situation (4) what were the outstanding checks at August 31?

The Cash Records of Jasmin Company Show the Following Four