Current Attempt in Progress Kingbird Inc's bank statement from Main Street Bank at August 31, 2022 gives the following information Balance, August 1 $ 18,500 Bank debit memorandum: August deposits 71,100 Safety deposit box fee $ 35 Checks cleared in August 68,668 Service charge 60 Bank credit memorandum: Balance, August 31 20,892 Interest earned 55 A summary of the Cash account for August shows the following: balance, August 1, $ 18,800; receipts $ 74,100; disbursements $ 73,560; and balance, August 31, $ 19,340.Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,810 and outstanding checks of $4,510. In addition, you determine that there was an error involving a company check drawn in August: A check for $ 400 to a creditor on account that cleared the bank in August was recorded for $40. (a) a) Your answer is correct. Determine deposits in transit Deposits in transit $ 7810 eTextbook and Media Your answer is correct. Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ 9762 eTextbook and Media List of Accounts Attempts: 1 of 2 used Using multiple attempts will impact your score. 50% score reduction after attempt 1 KINGBIRD INC. Bank Reconciliation August 31, 2022 Cash balance per bank statement $ 20892 Add Deposits in transit 7810 28702 Less Outstanding checks 9762 i Adjusted cash balance per bank 18940 Cash balance per books 19340 Add Interest earned 55 19395 Less Error in recording check 360 i Service charge 60 i Safety deposit box rent 35 455 Adjusted cash balance per books 18940 Prepare a tabular analysis for the adjustments to be made by Kingbird Inc at August 31. Include margin explanation changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Accts. Pay. Cash Rev. Aug 31 31 31 31 Stockholders' Equity Rev. Exp. >