Asummary of the cash account in the ledger for august shows the following: balance, august 1, $16,900; receipts $77,247; disbursements $73,533; and balance, august 31, $20,614. analysis reveals that the only reconciling items on the july 31 bank reconciliation were a deposit in transit for $5,000 and outstanding checks of $4,500. 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.
(b) determine outstanding checks. (hint: you need to correct disbursements for the check error.)

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.