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Current Attempt in Progress Tamarisk, Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,660

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Current Attempt in Progress Tamarisk, Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,660 Bank debit memorandum: August deposits 71,260 Safety deposit box fee $40 Checks cleared in August 68,663 Service charge 65 Bank credit memorandum: Balance, August 31 21.212 Interest earned 60 A summary of the Cash account in the ledger for August shows the following: balance. August 1. $18,960; receipts $74.260; disbursements $73,555; and balance, August 31, $19.665. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4.815 and outstanding checks of $4,515. 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 journalized and posted for $40. (a) Your Answer Correct Answer (Used) Determine deposits in transit.

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