urgent

determine deposits in transit and outstanding checks. prepare a bank reconciliation at August 31. journalize the adjusting entries to be made by Larkspur, Inc. at August 31

Larkspur, Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information $18.755 71.355 $ 105 Balance, August 1 August deposits Checks cleared in August Bank credit memorandum Interest earned Bank debit memorandum: Safety deposit box fee Service charge Balance August 31 68.598 130 21,402 125 A summary of the Cash account in the ledger for August shows the following: balance August 1, $19.055; receipts $74,355; disbursements $73,490; and balance, August 31. $19,920. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,880 and outstanding checks of $4,580. 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 eTextbook and Media List of Accounts Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ e Textbook and Media List of Accounts LARKSPUR, INC. Bank Reconciliation