II U Kimmel, Financial Accounting, 9e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Question 2 Kingbird, Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information Balance, August 1 $18,780 Bank debit memorandum: August deposits 71,380 Safety deposit box fee Checks cleared in August 68,638 Service charge Bank credit memorandum: Balance, August 31 Interest earned $65 21,452 A summary of the Cash account in the ledger for August shows the following: balance August 1. $19,080; receipts $74,380; disbursements $73,530; and balance August 31, $19,930. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,840 and outstanding checks of $4,540. In addition, you determine that there was a 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 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 that increase balance as per bank & books first.) KINGBIRD, INC Bank Reconciliation CALCULATOR PRINTER VE Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) KINGBIRD, INC. Bank Reconciliation LINK TO TEXT CALCULATOR PRINTER VERSION BACK LINK TO TEXT Journalize the adjusting entries to be made by kingbird, Inc. at August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 31 (To record Interest earned) Aug. 31 (To correct error in recording check) Aug. 31 (To record service charge and safety deposit box fee) LINK TO TEXT SUBMIT ANSWER SAVE FOR LATER Question Attempts of sused