! Required information [The following information applies to the questions displayed below.] The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow: BANK STATEMENT Checks and Date August 1 EFTS Deposits Balance $17,960 2 $400 17,560 3 $12,350 29,910 4 450 29,460 5 285 29,175 9 820 28,355 10 185 EFT 28,170 15 4,050 32,220 21 325 31,895 24 $19,550 12,345 25 7,300 19,645 30 800 EFT 18,845 30 2,650* 21,495 31 160 + 21,335 *$2,650 interest collected. Bank service charge. Debit August 1 Balance 16,825 Deposits August 2 12,350 12 4,050 24 7,300 31 5,250 Cash (A) Credit Checks written and electronic funds transfers August 2 EFT 185 4 820 15 280 17 410 18 EFT 800 20 23 325 19,550 Outstanding checks at the end of July were for $285, $450, and $400. No deposits were in transit at the end of July. 3. Complete the following bank reconciliation.