No deposits were in transit and no checks were outstanding at the end of July. 3. Prepare a bank reconciliation for August. IIP: Any item in the accounting records without check marks should appear on the bank statement side of the bank reconciliation. Any items in the bank statement without check marks should appear on the company's books side of the bank reconciliation. No deposits were in transit and no checks were outstanding at the end of July. 3. Prepare a bank reconciliation for August. IIP: Any item in the accounting records without check marks should appear on the bank statement side of the bank reconciliation. Any items in the bank statement without check marks should appear on the company's books side of the bank reconciliation