Question

The cash records of Barry Company show the following: 1. In September, deposits per the bank...

The cash records of Barry Company show the following:

1. In September, deposits per the bank statement totaled $38,600; deposits per books $39,000; and deposits in transit at September 30 were $4,600.

2. In September, cash disbursements per books were $36,500; checks clearing the bank were $39,800; and outstanding checks at September 30 were $3,100.

There were no bank debit or credit memoranda and no errors were made by either the bank or Barry Company.

What were the deposits in transit at Aug 31?

What were the oustanding checks at Aug 31?

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