The August, current yeat, bank statement for Allinon Company and the August, current year, ledger account for cash follow BANK STATEMENT Checks and EFTS Deposits Date Dalance. Aug 1 $ 350 18,160 30,160 29.695 29.420 28.630 3. $12.000 465 275 790 10 175 EFT 28.455 15 4,850 33.305 32.980 13,180 21 325 $19.800 24 25 6,550 19730 30 850 EFT 18,880 21,380 21.210 30 2,500 31 170 t *$2,500 interest collected. tBank service charge. Cash (A) Checks wntten and electronic funds Aug 1Balance 17420 transfers Deposits Aug 2 12 EFT 175 Aug 2 4. 12.000 790 4,850 15 230 510 EFT 850 24 6,550 5,650 17 31 18 20 23 325 19.800 Outstanding checks at the end of July were for $275, $465, and $350. No deposits were in transit at the end of July value Required information 2.00 points Required: 1. Compute the doposits in transit at the end of August by comparing the deposits on the bank statement to the deposits listed on the cash ledger account. Deposits in transit 9. value 2.00 points Required information 2. Compute the outstanding checks at the end of August by comparing the checks listed on the bank statement with those on the cash ledger account and the list of outstanding checks at the end of July. Outstanding checks 10. value: Required information 8.00 points 3. Prepare a bank reconciliation for August. ALLISON COMPANY Bank Reconciliation, August 31, Current Year Company's Books Bank Statement Ending balance per cash account Ending balance per bank statement Additions: Additions: Deductions: Deductions: Correct cash balance Correct cash balance Required information 11. value 7.00 points 4. Prepare jourmal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for deposits during August. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 12. Required informat Value 2.00 points 5. What total amount of cash should be reported on the August 31, Current Year, balance sheet? Total amount of cash