Answer
1)
Deposit on Transit on June 30 - 750 dollars
Deposit in Transit on July 31 - 2,050 dollars
2)
Outstanding checks on June 30 - 940 dollars
Deposit in Transit on July 31 - 2,040 dollars
3)
Deposit on Transit on August 31 - 1,700 dollars
Deposit in Transit on September 30 - 2,200 dollars
4)
Outstanding checks on August 31 - 2,400 dollars
Deposit in Transit on September 30 - 2,100 dollars
Work Step by Step
1)
Add: Deposit for the month 16,900 dollars
Less: Deposit as per bank statement 15,600 dollars
2)
Add: Checks issued during the month 17,500 dollars
Less: Checks cleared as per bank statement 16,400 dollars
3)
Add: Deposit for the month 26,400 dollars
Less: Deposit as per bank statement 25,900 dollars
4)
Add: Checks issued during the month 23,700 dollars
Less: Checks cleared as per bank statement 16,400 dollars