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

Balance, August 1		$18,620		Bank debit memorandum:
August deposits		71,220		Safety deposit box fee		$ 55
Checks cleared in August		68,648		Service charge		80
Bank credit memorandum:				Balance, August 31		21,132
Interest earned		75

A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,920; receipts $74,220; disbursements $73,540; and balance, August 31, $19,600. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,830 and outstanding checks of $4,530. 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.

Determine outstanding checks. (Hint: You need to correct disbursements for the check error.)

Outstanding checks

Prepare a bank reconciliation at August 31

Journalize the adjusting entries to be made by Marin Inc. at August 31