A) Calculate deposits in transit at august 31

B) Calculate the amount of outstanding cheques at August 31

C) Prepare a bank reconciliation at August 31

D) Prepare the journal entries to be made by Oriole Inc. at August 31

Oriole Inc.'s bank statement from Western Bank at August 31, 2022, shows the following information. A summary of the Cash account in the ledger for August shows the following: Reconciled cash balance, August 1,$18,590; cash receipts deposited $84,700; cheque disbursements $80,921; and unreconciled cash balance, August 31 , $22,369. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $5,500 and outstanding cheques of $4,950. In addition, you determine that there was an error involving a company cheque drawn in August: A cheque for $400 payable to a supplier on account that cleared the bank in August was journalized and posted for $40