Question: View Policies Current Attempt in Progress Marin Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information Balance, August 1
View Policies Current Attempt in Progress Marin Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18,620 Bank debit memorandum: 71.220 Safety deposit box fee 65,648 Service charge Balance, August 31 75 $ 55 80 24,132 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,920; receipts $74,220; disbursements 573,540; and balance, August 31, $19,600. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4.830 and outstanding checks of $4,530. 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
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