Kingbird Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,770 Bank debit memorandum: August deposits 71,370 Safety deposit box fee $ 105 Checks cleared in August 68,598 Service charge 130 Bank credit memorandum: Balance, August 31 21,432 Interest earned 125 A summary of the Cash account for August shows the following: balance, August 1, $19,070; receipts $74,370; disbursements $73,490; and balance, August 31, $19,950. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,880 and outstanding checks of $4,580. 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 recorded for $40.