Sage Hill Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,635 Bank debit memorandum: August deposits 71,235 Safety deposit box fee $ 40 Checks cleared in August 68,663 Service charge 65 Bank credit memorandum: Balance, August 31 21,162 Interest earned 60 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 reconciliation were a deposit in transit for $4,815 and outstanding checks of $4,515. 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. (a) Your answer is correct. Determine deposits in transit. Deposits in transit $ 7,815 eTextbook and Media List of Accounts Attempts: 4 of 6 used Your answer is correct. Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ 9,767 eTextbook and Media List of Accounts Attempts: 1 of 6 used (c) Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) SAGE HILL INC. Bank Reconciliation SAGE HILL INC. Bank Reconciliation