Hello,

Exercise 7-11 Kingbird, Inc.'s bank statement from Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned Main Street Bank at August 31, 2017, gives the following information. $18,500 71,100 68,668 Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 $ 35 20,892 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,800; receipts $74,100; disbursements $73,560; and balance, August 31, $19,340. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,810 and outstanding checks of $4,510. 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 SHOW LIST OF ACCOUNTS Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks