Kingbird, Inc.s bank statement from Main Street Bank at August 31, 2022, 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 31		20,892
Interest 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 $4,810 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.