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Kingbird Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information. $ 18,500 71,100 $ 35 Balance, August 1 August
Kingbird Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information. $ 18,500 71,100 $ 35 Balance, August 1 August deposits Checks cleared in August Bank credit memorandum Interest earned Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 68,668 60 20,892 55 A summary of the Cash account for August shows the following balance, August 1, $ 18,800; receipts $74,100; disbursements $ 73,560; and balance, August 31, $ 19,340. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,810 and outstanding checks of $4,510. 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. (a) Determine deposits in transit. Deposits in transit $
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