Sage Hill inc.s bank statement from main street bank at august 31,2025, gives the gillowung information...

determine deposits in transit.

Current Attempt in Progress Sage Hill Incis bankstafement from Main Street Bank at August 31, 2025, gives the following information. A summary of the Cash account in the ledger for August shows the following: balance. August 1, \$18,935: receipts \$74,235: disbursements $73,555; and balance. August 31,$19,615. Analysis reveals that the only reconciling items on the July 31 bank reconcitiation wereadeposit in transit for $4,815 and outstanding checks of $4,515. In addition, you determine that there was an error imvolving 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