- Kimmel, Financial Accounting, 9e Help System Announcements CALCULATOR PRINTER VERSION NEXT Question 1 Tamarisk, Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18,660 71,260 68,663 $ 40 Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 21,212 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. Your answer is correct. Determine deposits in transit. Deposits in transit ] 7815 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSW LINK TO TEXT Attempts: 1 of 5 used Determine outstanding checks. (Hint: You need to correct distursements for the checkerror) Outstanding checks Determine deposits in transit. CALCULATOR PRINTER V ON LACK NEXT Deposits in transit 7815 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Attempts: 1 of 5 used (b) Determine outstanding checks. (Hint: You need to correct disbursements for the check error) Outstanding checks LINK TO TEXT Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above