Kingbird, Inc's bank statement from Main Street Bank at August 31, 2017, gives the following information Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18.500 Bank debit memorandum: 71,100 Safety deposit box fee 68,668 Service charge Balance, August 31 $35 60 20,892 55 A summary of the Cash account in the ledger for August shows the following: balance, August 1. $18,800; receipts $74.100; disbursements $73,560; and balance, August 31, $19,340.Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,810 and outstanding checks of $4,510. 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. Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) KINGBIRD, INC. Bank Reconciliation August 31, 2017