How do you determine the deposits in transit and the outstanding checks?

Shamrock, Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. Balance, August 1 $18,590 Bank debit memorandum: August deposits 71,190 Safety deposit box fee $ 90 Checks cleared in August 68,613 Service charge 115 Bank credit memorandum: Balance, August 31 21,072 Interest earned 110 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,890; receipts $74,190; disbursements $73,505; and balance, August 31, $19,575. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,865 and outstanding checks of $4,565. 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. Determine deposits in transit. Deposits in transit Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks