Skysong, Inc.'s bank statement from Main Street Bank at August 31, 2017. gives the following information Balance, August 1 $18,700 Bank debit memorandum: August deposits 71300 Safety deposit box fee $ 125 Checks cleared in August 68.578 Service charge 150 Bank credit memorandum Balance, August 31 21,292 Interest earned 145 A summary of the Cash account in the ledger for August shows the following balance, August 1. $19.000; receipts $74,300, disbursements 573,470; 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 54,900 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 deposits in transit. Deposits in transit Question 1 of 3 Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ 9852 SKYSONG, INC. Bank Reconciliation For the Month Ended August 31, 2017 $ Date Aug Account Titles and Explanation bank Debit Credit 31 (To record interest earned) Aug 31 (To correct error in recording check) Aug 31 150 125 (To record service charge and safety deposit box fee)