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Kingbird, Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. Balance, August 1 $18,500 Bank debit memorandum:August deposits 71,100

Kingbird, Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information.

Balance, August 1 $18,500 Bank debit memorandum:August deposits 71,100 Safety deposit box fee$35 Checks cleared in August 68,668 Service charge 60 Bank credit memorandum:Balance, August 3120,892Interest earned 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 $4,810and outstanding checks of $4,510. In addition, you determine that there was an error involving a company check drawn in August: A check for $400to a creditor on account that cleared the bank in August was journalized and posted for $40.

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(c) Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first. ) KINGBIRD, INC. Bank Reconciliation $

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