+ MO7-Classwork - Fraud, Internal Control and Cash Question 6 of 9 -122 !!! Shamrock, 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 $18.510 71,190 68.613 Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 $90 115 21,072 110 A summary of the Cash account in the ledger for August shows the following balance August 1, $18,890; receipts $74.190; disbursements $73,505: and balance, August 31. $19,575. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,865 and outstanding checks of $4.565. 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. Determine deposits in transit. Deposits in transit $ e Textbook and Media List of Accounts + M07 - Classwork - Fraud, Internal Control, and Cash Question 6 of 9 -122 III Determine outstanding checks. (Hint: You need to correct disbursements for the checkerror) Outstanding checks $ 1 e Textbook and Media List of Accounts Prepare a bank reconciliation at August 31. (List items that increase balance as perbank & books first) SHAMROCK, INC. Bank Reconciliation $ $ + MO7 - Classwork - Fraud, Internal Control, and Cash Question 6 of 9 -122 HI Bank Reconciliation $ + M07 - Classwork - Fraud, Internal Control, and Cash Question 6 of 9 -122 Journalize the adjusting entries to be made by Shamrock, Inc. at August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Aug 31 (To record interest earned Aug 31 (To correct error in recording check) Aug 31 To record service charge and safety deposit box fee) e Textbook and Media List of Accounts Attempts: unlimited Submit