Metlock Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,600 Bank debit memorandum: August deposits 71,200 Safety deposit box fee $50 Checks cleared in August 68,653 Service charge 75 Bank credit memorandum: Balance, August 31 21,092 Interest earned 70 A summary of the Cash account for August shows the following: balance, August 1, $18,900; receipts $74,200; disbursements $73,545; and balance, August 31, $19,555. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,825 and outstanding checks of $4,525. 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 $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 50% score reduction after attempt 2 (b) Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 50% score reduction after attempt 2