Bank Reconciliati 4. What total amount of cash should be reprlu Compu and Journal Entries (AP6.5) August current year bank statement for Allison Company and the August current year for cash follow: P6-6 L06-4 BANK STATEMENT Balance Deposits Checks and EFTs Date $17,510 17,190 28,890 28,460 28.190 27,310 27,060 31,060 30,710 10,310 16810 15,960 18.310 18,190 Aug. I S 320 $11.700 430 270 880 250 EFT 10 15 21 4,000 350 20,400 6,500 850 EFT 30 31 2,350 120 $2.350 interest collected. Bank service charge. Cash (A) Aug. 1 Balance 1649 Checks written and electronic funds transfers EFT 250 Aug Aug. 2 12 24 31 11,700 4,000 6,500 5,200 15 17 18 20 23 280 510 EFT 850 20,400 outstanding checks at the end of July were for $270$430, and S320. No deposits were in trans end of July. Required 1. Compute the deposits in transit at the end of August by comparing the deposits on the ment to the deposits listed on the cash ledger account. 2. Compute the outstanding checks at the end of August by comparing the checks listed ond statement with those on the cash 3. Prepare a bank reconciliation for August. ger account and the list of outstanding checks at the c