Question 1 Splish Brothers Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information Balance, August 1 $18,550 Bank dit memorandum: August deposits 71,150 Safety deposit box fee $ 95 Checks deared in August 68,608 Service charge 120 Bank credit memorandum: Balance, August 31 20,992 Interest earned 115 A summary of the cash account in the ledger for August shows the following: balance, August 1, $18,850; receipts $74,150; disbursements $73,500; and balance, August 31, $19,500. Analysis reveals that the only reconciling hems on the July 31 bank reconciliation were a deposit in transit for $4,870 and outstanding checks of $4,570. 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 joumalized and posted for $40. Your answer is incorrect. Try again Determine deposits in transit. Deposits in transit LINK TO TEXT