The following information applies to the questions displayed below.] The August, current year, bank statement for Allison Company and the August, current year, ledger account for cash follow: BANK STATEMENT Checies and EFT Deposits Date Aug 1 $375 $11.950 Balance $ 17810 17.435 29385 28 885 28.520 27735 500 365 230 EET 4650 315 $19.650 32.155 31.840 12.190 19.090 18,290 20290 21135 6.900 3.000 800 EFT 105 $3,000 interest collected. "Bank service charge. Cat AJ 165701 Checks written and electronic funds Aug 1 Depot Aug 2 Aug 2 EFT 230 11950 4,550 785 230 5.000 6100 EFT 500 20 315 19.650 Outstanding checks at the end of July were for $365, $500, and $375. No deposits were in transit at the end of July. 5. 3,00 points Required information Required: 1. Compute the deposits 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 6. w ired information 3.00 points 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 10.00 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 I correct cash balance 8. Required information 10.00 points 4. Prepare journal 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 action Journal entry worksheet Record the entry for deposits during August Note: Enter debits before credits Transaction General Journal Debit Credit V anilje 9. 2.00 points Required information 5. What total amount of cash should be reported on the August 31, Current Year, balance sheet? Total amount of cash