Me Tony WLIT WWE's towe GureSVIS LIVSpicyeu DerUWJ The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow. BANK STATEMENT Checks and EFTs Deposits $365 $12,450 Date Aug 1 2 3 4 5 9 10 15 21 24 25 30 30 31 470 280 810 235 EFT Balance $ 18.110 17,745 30.195 29,725 29,445 28,635 28,400 32,650 32,400 12,200 19,300 18,550 20.900 20775 4,250 250 $20.200 7100 750 EFT 2,350 125 + $2,350 interest collected. TBank service charge. Aug. 1 Balunce 16.995 Deposits Aug, 2 12 24 31 12,450 4.250 7.100 5.800 Cash (A) Checks written and electronic funds transfers Aug. 2 4 15 17 18 20 23 EFT 235 810 280 410 EFT 750 250 20.200 Outstanding checks at the end of July were for $280, $470, and $365. No deposits were in transit at the end of July 8. Required information 2.00 points Required: 1. Compute the deposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash ledger account. Deposits in transit S 5,800 9. value 2.00 points Required information 2. Compute the outstanding checks at the end of August by comparing the checks listed on the bank statement with those on the cash ledger account and the list of outstanding checks at the end of July. Outstanding checks $ 690 10. Required information value 8.00 points 10. wa 8.00 points Required information 3. Prepare a bank reconciliation for August. ALLISON COMPANY Bank Reconciliation, August 31, Current Year Company's Books Bank Statement Ending balance per cash count Ending balance per bank statement Additions: Interest collected Additions 0 Deductions Deductions Correct cash balance Correct cash balance 11. value 7.00 points Required information 4. Prepare journal entries that the company should make as a result of the bank reconciliation. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transactions Journal entry worksheet > Record the entry for deposits during August. Note: Enter debits before credits. Transaction General Journal Debit Credit A Record entry Clear entry View general Journal 12. Required information 2.00 points 5. What total amount of cash should be reported on the August 31, Current Year, balance sheet? Total amount of cash