Subject:AccountingLesson preference:No preferenceCreated:Jan. $21,2018,10$:$47$ p$.$m$.$What would you like help with?Larkspur, Inc.$$s bank statement from Main Street Bank at August

$31,2017,$ gives the following information. Balance, August $1$

$$18,525$ Bank debit memorandum: August deposits $71,125$ Safety

deposit box fee $ $100$ Checks cleared in August $68,603$ Service

charge $125$ Bank credit memorandum: Balance, August $3120,942$

Interest earned $120$ A summary of the Cash account in the ledger for

August shows the following: balance, August $1,$ $$18,825$; receipts

$$74,125$; disbursements $$73,495$; and balance, August $31,$ $$19,455.$

Analysis reveals that the only reconciling items on the July $31$

bank reconciliation were a deposit in transit for $$4,875$ and

outstanding checks of $$4,575.$ 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.$ Journalize the adjusting entries to

be made by Larkspur, Inc. at August $31.($Credit account titles are

automatically indented when amount is entered. Do not indent

manually.$)$