Exercise 5-11 Marin Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information $ 100 Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest eamed $18,685 Bank debit memorandum: 71,285 Safety deposit box fee 68,603 Service charge Balance, August 31 120 125 21,262 A summary of the Cash account for August shows the following: balance, August 1, $18,985; receipts $74,285; disbursements $73,495; and balance, August 31, $19,775. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,875 and outstanding checks of $4,575. 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. Determine deposits in transit. Deposits in transit LINK TO TEXT Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks LINK TO TEXT Prepare a bank reconciliation at August 31. (List Items Help System Announcements Prepare a bank reconciliation at August 31. (List items that increase balance as per MARIN INC. Bank Reconciliation Prepare a tabular analysis for the adjustments to be made by Marin Inc. at August 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Stockholders' Equity Liabilities Accts. Pay. Cash + 2 Aug. 31 Sales revenue Interest revenue Miscellaneous expense Question Atted Bank charges expenses SUBMIT