A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,850; receipts $74,150; disbursements $73,535; and balance, August 31, $19,465. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,835and outstanding checks of $4,535. In addition, you determine that there was an error involving a company check drawn in August: A check for $400to a creditor on account that cleared the bank in August was journalized and posted for $40.

Journalize the adjusting entries to be made by Shamrock, Inc. at August 31.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Aug. 31

enter an account title to record interest earned on August 31

enter a debit amount

enter a credit amount

enter an account title to record interest earned on August 31

enter a debit amount

enter a credit amount

(To record Interest earned)

Aug. 31

enter an account title for the adjusting entry to correct error in recording check on August 31

enter a debit amount

enter a credit amount

enter an account title for the adjusting entry to correct error in recording check on august 31

enter a debit amount

enter a credit amount

(To correct error in recording check)

Aug. 31

enter an account title to record service charge and safety deposit box fee on August 31

enter a debit amount

enter a credit amount

enter an account title to record service charge and safety deposit box fee on August 31

enter a debit amount

enter a credit amount

(To record service charge and safety deposit box fee)