Question 2 Skysong, Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. udy Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18,700 71,300 68,578 Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 $ 125 150 21,292 145 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $19,000; receipts $743,000; disbursements $73,470; and balance, August 31, $19,830. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,900 and outstanding checks of $4,600. 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 outstanding checks. (Hint: You need to correct disbursements for the check error.) Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) Journalize the adjusting entries to be SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the adjusting entries to be made by Skysong, 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)