Kimmel, Accounting, 6e ACCOUNTING III (Accounting 101 / 10 Gradebook ORION Downloadable eTextbook FUL SCREN PRINTER VERSION BACK NEX CALORATOR Exercise 7-11 Perth Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the fellowing information. Balance, August August depesits Checks cleared in August Bank credit memorandum: 18,400 Bank debit memorandum 71,000 Safety deposit box fee 68,678 Service charge $25 50 20,692 Balance, August 31 Interest earned A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,700; recepts $74,000; disbursements $73,570; and balance, August 31, $19,130. Analysis reveals that the only reconcing items on the July 31 bank reconolsation were a deposit in transit for $4,800 and outstanding checks of $4,500. In addition, you determine that there was an error involving a company check dra in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40 [d Your answer is incorrect. Try again. Deter deposits in transit. Deposits in transit Your answer is incorrect. Try again. All Rights Reserved. A Division of 112/201 earch