uns e search CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN .BACK PRINTER VERSION Exercise 7-11. Teal Mountain Inc.'s bankstatement from Main Street Bank at August 31, 2017, gives the following information. Balance, August 1 $18,665 Bank debit memorandum: August deposits 71,265 Safety deposit box fee 85 Checks deared in August 68,618 Service charge 110 Bank credit memorandum: Balance, August 31 21,222 105 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,965; receipts $74,265, $73,510; and balance, August 31, $19,720. Analysis that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,860 and outstanding checks of $4,560. 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 deared the bank in August was journalized and posted for $40. Your answer is incorrect. Try again. Determine deposits in transit. Deposits in transit