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Windsor, Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,620 Bank debit memorandum: August deposits

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Windsor, Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,620 Bank debit memorandum: August deposits 71,220 Safety deposit box fee $ 125 Checks cleared in August 68,578 Service charge 150 Bank credit memorandum: Balance, August 31 21.132 Interest earned 145 A summary of the Cash account in the ledger for August shows the following: balance August 1. $18,920; receipts $74,220; disbursements $73470; and balance, August 31, $19,670. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4.900 and outstanding checks of $4,600. 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. (a) Determine deposits in transit Deposits in transit Determine deposits in transit. Deposits in transit 7,900 eTextbook and Media Solution List of Accounts Attempts: 2 of 3 used Using multiple attempts has impacted your score. 10% score reduction after attempt 1 (b) Your answer is correct. Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ 9.852 e Textbook and Media List of Accounts Attempts: 1 of 3 used Using multiple attempts will impact your score 10 recenfter attent Prepare a bank reconciliation at August 31 (List items that increase balance as per bank & boots first) WINDSOR, INC Bank Reconciliation 4 + $ $ $ List of Accounts

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