Question 2 Windsor, 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 Bank debit memorandum: 71,110 Safety deposit box fee 68,638 Service charge Balance, August 31 85 $ 65 90 20,912 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,810; receipts $74,110; disbursements $73,530; and balance, August 31, $19,390. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,840 and outstanding checks of $4,540. 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 Determine outstanding checks. (Hint: You need to correct disbursements the check error.) Outstanding checks $ Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first WINDSOR, INC. Bank Reconciliation