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.)

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.