Tiger Honey's cash ledger shows a balance of $2,870.20, which includes a deposit in transit of $890.60 and outstanding checks totaling $500.75. Prepare a bank reconciliation for the company with the given bank statement for the month of August. Record the journal entries to update the company's cash ledger to the adjusted balance. All electronic transfers received should be applied to accounts receivable, while electronic transfers sent should be applied to the company's outstanding balance with Busy Bees