E Company's Bank Statement and Cash Account for the Month $\quad$

E Company's bank statement and cash account for the month of August 2003 were as follows:
BANK STATEMENT SUMMARIZED** CASH ACCOUNT*
Bal.July 31 6,000 Aug Deposits 17,500 $\quad$$\quad$ Aug cheques 20,000 ___________
*Includes Aug.31,2003,cash on hand,$257
**Data from July 31,2003,bank reconciliation: $\begin{array}{|l|r|}\hline \text { Cash on hand } & \$ 250 \\\hline \text { Outstanding cheques } & 550 \\\hline \text { Deposits in transit } & 1,500\\\hline\end{array}$ Required:
(a) Complete an August 31,2003 bank reconciliation in all respects (you must compute the August 31,2003 outstanding cheques and deposits in transit).
(b) Give all of the August 31,2003 entries based upon your bank reconciliation (you can give separate entries or combine them into one entry).