Question

Your answer is correct. Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ __ 9,767 9,767 eTextbook and Media List of Accounts Attempts: 1 of 6 used Your answer is correct. Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) SAGE HILL INC. Bank Reconciliation August 31, 2022 Cash balance per bank statement 21,162 Add Add 4: Deposits in transit Deposits in transit , 7,815 28,977

Answer 1

Date	Account Titles and Explanation	Debit	Credit
Aug. 31	Cash	$60
	Interest revenue		$60
	( To record interest earned)
Aug. 31	Accounts payable	$360
	Cash		$360
	( To record error in recording check)
Aug. 31	Miscellaneous expense	$105
	Cash		$105
	( To record service charge and safety deposit box fee)

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